F.N.B. Corporation (NYSE:FNB) Stock Has Consensus Price Target of $20.29 According to Brokerages

Shares of F.N.B. Corporation (NYSE:FNB) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $20.29.

Several research firms have weighed in on FNB. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research report on Monday, July 20th. UBS Group assumed coverage on shares of F.N.B. in a report on Monday, September 14th. They issued a “neutral” rating and a $20.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research report on Friday, September 4th. Truist Financial cut their price objective on shares of F.N.B. from $20.50 to $19.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Finally, Wall Street Zen raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th.

F.N.B. Price Performance

Shares of NYSE FNB opened at $18.05 on Friday. F.N.B. has a 52 week low of $15.21 and a 52 week high of $19.59. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.81 and a beta of 0.87. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $17.84 and its 200 day moving average price is $17.88.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Monday, October 19th. The bank reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. F.N.B. had a net margin of 22.46% and a return on equity of 9.12%. The business had revenue of $469.12 million for the quarter, compared to analyst estimates of $476.20 million. During the same period in the prior year, the business earned $0.41 earnings per share. As a group, research analysts forecast that F.N.B. will post 1.69 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, December 1st. F.N.B.’s payout ratio is presently 30.59%.

Insiders Place Their Bets

In other news, insider Bryant Mitchell David sold 4,055 shares of F.N.B. stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $19.25, for a total value of $78,058.75. Following the completion of the sale, the insider owned 144,283 shares of the company’s stock, valued at $2,777,447.75. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FNB. Wellington Management Group LLP raised its holdings in shares of F.N.B. by 12.5% during the 2nd quarter. Wellington Management Group LLP now owns 1,318,016 shares of the bank’s stock valued at $25,148,000 after buying an additional 146,571 shares during the period. Rhino Investment Partners Inc lifted its position in F.N.B. by 47.8% during the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock worth $20,188,000 after acquiring an additional 390,526 shares in the last quarter. Assenagon Asset Management S.A. grew its position in F.N.B. by 758.2% in the third quarter. Assenagon Asset Management S.A. now owns 922,134 shares of the bank’s stock valued at $15,870,000 after acquiring an additional 814,690 shares in the last quarter. HighTower Advisors LLC grew its position in F.N.B. by 0.3% in the second quarter. HighTower Advisors LLC now owns 620,845 shares of the bank’s stock valued at $11,846,000 after acquiring an additional 1,657 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in F.N.B. by 5.5% in the second quarter. Hsbc Holdings PLC now owns 482,010 shares of the bank’s stock valued at $9,233,000 after acquiring an additional 25,141 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Company Profile

F.N.B. Corporation (NYSE: FNB) is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking, lending and wealth management services to individuals, families, businesses and government entities.

FNB’s offerings include checking and savings accounts, certificates of deposit, residential and consumer loans, commercial real estate and business lending, treasury management and cash-management services.