Brokerages Set F.N.B. Corporation (NYSE:FNB) Target Price at $19.10

Shares of F.N.B. Corporation (NYSE:FNB) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $19.60.

A number of research firms have weighed in on FNB. Piper Sandler reissued an “overweight” rating and set a $21.00 price objective (up previously from $20.00) on shares of F.N.B. in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. DA Davidson cut shares of F.N.B. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Truist Financial raised their price objective on shares of F.N.B. from $19.00 to $19.50 and gave the stock a “buy” rating in a research report on Thursday, January 22nd.

Insider Activity at F.N.B.

In other F.N.B. news, insider Gary L. Guerrieri sold 15,000 shares of F.N.B. stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $17.67, for a total value of $265,050.00. Following the sale, the insider owned 279,883 shares in the company, valued at $4,945,532.61. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James L. Dutey sold 40,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total value of $670,000.00. Following the completion of the transaction, the insider directly owned 49,936 shares in the company, valued at approximately $836,428. This trade represents a 44.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by insiders.

Institutional Trading of F.N.B.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC acquired a new position in F.N.B. in the fourth quarter valued at about $34,000. EverSource Wealth Advisors LLC raised its stake in shares of F.N.B. by 3,723.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,420 shares during the period. Parallel Advisors LLC lifted its holdings in shares of F.N.B. by 22.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,802 shares of the bank’s stock worth $55,000 after acquiring an additional 706 shares during the last quarter. Triumph Capital Management purchased a new position in shares of F.N.B. during the 3rd quarter worth approximately $55,000. Finally, Danske Bank A S acquired a new stake in F.N.B. in the 3rd quarter valued at approximately $85,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Stock Down 1.0%

Shares of NYSE FNB opened at $17.26 on Thursday. The stock has a market cap of $6.18 billion, a PE ratio of 11.06, a P/E/G ratio of 0.79 and a beta of 0.91. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 0.28. F.N.B. has a 12-month low of $10.88 and a 12-month high of $18.30. The company has a 50-day moving average of $17.22 and a 200 day moving average of $16.35.

F.N.B. (NYSE:FNB) last released its earnings results on Tuesday, January 20th. The bank reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The business had revenue of $457.78 million for the quarter, compared to analyst estimates of $457.87 million. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. During the same period last year, the company posted $0.30 EPS. As a group, sell-side analysts predict that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. F.N.B.’s dividend payout ratio (DPR) is currently 30.77%.

F.N.B. Company Profile

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.