F.N.B. Corporation (NYSE:FNB) Receives $20.90 Average PT from Brokerages

F.N.B. Corporation (NYSE:FNB) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $20.90.

FNB has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Truist Financial reduced their price objective on F.N.B. from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Monday, July 20th. Bank of America reaffirmed a “neutral” rating and set a $19.00 target price (down from $20.00) on shares of F.N.B. in a research report on Monday, July 20th. Wall Street Zen raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research report on Friday.

Insider Activity

In related news, insider Bryant Mitchell David sold 4,055 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $19.25, for a total transaction of $78,058.75. Following the transaction, the insider directly owned 144,283 shares in the company, 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 legal filing with the SEC, which is available at this link. Also, insider Gary L. Guerrieri sold 19,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the sale, the insider owned 298,097 shares of the company’s stock, valued at $5,523,737.41. This represents a 5.99% decrease in their position. The SEC filing for this sale provides additional information. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. IFP Advisors Inc lifted its position in F.N.B. by 45.3% in the second quarter. IFP Advisors Inc now owns 7,248 shares of the bank’s stock worth $138,000 after purchasing an additional 2,261 shares during the period. Allworth Financial LP increased its holdings in F.N.B. by 81.5% in the 2nd quarter. Allworth Financial LP now owns 16,669 shares of the bank’s stock valued at $318,000 after buying an additional 7,483 shares during the period. West Family Investments Inc. acquired a new position in shares of F.N.B. in the 2nd quarter valued at $636,000. Waverly Advisors LLC raised its stake in shares of F.N.B. by 35.7% in the 2nd quarter. Waverly Advisors LLC now owns 18,147 shares of the bank’s stock valued at $346,000 after buying an additional 4,777 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of F.N.B. during the 2nd quarter worth about $121,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Stock Performance

Shares of NYSE FNB opened at $18.35 on Friday. The business’s 50-day simple moving average is $18.87 and its 200-day simple moving average is $17.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. F.N.B. has a 52 week low of $14.45 and a 52 week high of $19.59. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.19 and a beta of 0.84.

F.N.B. (NYSE:FNB) last posted its earnings results on Friday, July 17th. The bank reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $463.00 million during the quarter, compared to analyst estimates of $467.13 million. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.During the same period in the previous year, the company earned $0.36 EPS. As a group, equities research analysts expect that F.N.B. will post 1.69 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.8%. F.N.B.’s dividend payout ratio is currently 30.95%.

About F.N.B.

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.