F.N.B. (NYSE:FNB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of F.N.B. (NYSE:FNB) from a sell rating to a hold rating in a research note published on Saturday morning.

FNB has been the subject of a number of other research reports. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research note on Monday, July 20th. Keefe, Bruyette & Woods raised their target price on shares of F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Bank of America reaffirmed a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Truist Financial reduced their price target on shares of 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. Finally, Wells Fargo & Company increased their price target on shares of F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $20.90.

F.N.B. Stock Down 0.3%

FNB opened at $19.42 on Friday. F.N.B. has a one year low of $14.45 and a one year high of $19.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $6.86 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.24 and a beta of 0.85. The business’s 50-day simple moving average is $18.90 and its 200-day simple moving average is $17.92.

F.N.B. (NYSE:FNB) last announced its earnings results on Friday, July 17th. The bank reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $463.00 million during the quarter, compared to analysts’ expectations 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 prior year, the firm earned $0.36 EPS. Analysts anticipate that F.N.B. will post 1.69 EPS for the current year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 1st. F.N.B.’s dividend payout ratio (DPR) is presently 30.95%.

Insider Activity at F.N.B.

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of F.N.B. 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 transaction, the insider directly owned 298,097 shares in the company, valued at approximately $5,523,737.41. This trade represents a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bryant Mitchell David sold 4,055 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $19.25, for a total value of $78,058.75. Following the completion of the transaction, the insider directly owned 144,283 shares in the company, valued at approximately $2,777,447.75. The trade was a 2.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently bought and sold shares of FNB. Root Financial Partners LLC increased its stake in F.N.B. by 66.8% in the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after buying an additional 820 shares during the period. EverSource Wealth Advisors LLC lifted 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 worth $36,000 after acquiring an additional 2,420 shares during the period. Triumph Capital Management purchased a new stake in shares of F.N.B. in the third quarter valued at about $55,000. Parallel Advisors LLC boosted its holdings in shares of F.N.B. by 18.9% in the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after acquiring an additional 720 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of F.N.B. during the third quarter worth about $85,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

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.