F.N.B. Corporation (NYSE:FNB) Given Consensus Rating of “Buy” by Analysts

F.N.B. Corporation (NYSE:FNB) has earned a consensus rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $20.90.

A number of brokerages recently commented on FNB. Wells Fargo & Company increased their price target on F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial decreased their price objective on F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Monday, July 20th. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a report on Tuesday, June 9th. Bank of America reaffirmed a “neutral” rating and set a $19.00 price target (down from $20.00) on shares of F.N.B. in a research note on Monday, July 20th. Finally, Wall Street Zen upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Saturday.

Insider Activity at F.N.B.

In other news, insider Bryant Mitchell David sold 4,055 shares of F.N.B. stock in a transaction that occurred 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 transaction, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary L. Guerrieri sold 19,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were 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 represents a 5.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC raised its position 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 worth $34,000 after purchasing an additional 820 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of F.N.B. by 3,723.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after buying an additional 2,420 shares during the period. Triumph Capital Management bought a new stake in shares of F.N.B. during the 3rd quarter worth approximately $55,000. Parallel Advisors LLC lifted its stake in shares of F.N.B. by 18.9% during the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after acquiring an additional 720 shares during the last quarter. Finally, Danske Bank A S purchased a new position in F.N.B. during the 3rd quarter valued at $85,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $19.46 on Monday. F.N.B. has a 52 week low of $14.45 and a 52 week high of $19.59. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.23 and a beta of 0.85. The stock’s 50-day simple moving average is $18.86 and its 200-day simple moving average is $17.90.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $463.00 million during the quarter, compared to analyst estimates of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same period last year, the firm posted $0.36 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.13 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.52 annualized dividend and a yield of 2.7%. F.N.B.’s dividend payout ratio (DPR) 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.