ValuEngine upgraded shares of F.N.B. (NYSE:FNB) from a hold rating to a buy rating in a report released on Wednesday.
Other analysts have also issued reports about the stock. Jefferies Group reaffirmed a buy rating and issued a $17.00 price objective on shares of F.N.B. in a research note on Thursday, January 25th. Boenning Scattergood initiated coverage on shares of F.N.B. in a research note on Tuesday, January 23rd. They issued a buy rating for the company. SunTrust Banks reaffirmed a buy rating and issued a $17.00 price objective on shares of F.N.B. in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of F.N.B. from a hold rating to a buy rating and set a $15.00 price objective for the company in a research note on Wednesday, January 3rd. Finally, Stephens initiated coverage on shares of F.N.B. in a research note on Wednesday, December 13th. They issued an equal weight rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $16.89.
F.N.B. (NYSE:FNB) traded up $0.23 during trading hours on Wednesday, reaching $14.76. 5,765,541 shares of the company were exchanged, compared to its average volume of 2,518,950. F.N.B. has a 52 week low of $12.02 and a 52 week high of $16.06. The stock has a market capitalization of $4,700.80, a price-to-earnings ratio of 24.20, a PEG ratio of 1.35 and a beta of 0.89. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.16.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, March 2nd. F.N.B.’s payout ratio is 78.69%.
In other F.N.B. news, Director William B. Campbell sold 3,300 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $14.48, for a total transaction of $47,784.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pamela A. Bena purchased 2,750 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were purchased at an average cost of $14.15 per share, with a total value of $38,912.50. Following the completion of the transaction, the director now owns 3,850 shares of the company’s stock, valued at approximately $54,477.50. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 6,250 shares of company stock valued at $86,633. Insiders own 1.21% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Crestline Management LP lifted its position in shares of F.N.B. by 3,562.5% during the third quarter. Crestline Management LP now owns 586,000 shares of the bank’s stock valued at $8,222,000 after buying an additional 570,000 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of F.N.B. by 139.1% in the 3rd quarter. Wells Fargo & Company MN now owns 718,576 shares of the bank’s stock valued at $10,081,000 after purchasing an additional 418,075 shares during the last quarter. Algert Global LLC purchased a new position in shares of F.N.B. in the 3rd quarter valued at approximately $619,000. Quantum Capital Management raised its position in shares of F.N.B. by 3.5% in the 3rd quarter. Quantum Capital Management now owns 876,299 shares of the bank’s stock valued at $12,294,000 after purchasing an additional 29,389 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of F.N.B. in the 4th quarter valued at approximately $42,816,000. 77.91% of the stock is owned by institutional investors and hedge funds.
F.N.B. Company Profile
F.N.B. Corporation is a diversified financial services company operating in eight states. The Company holds a significant retail deposit market share in markets, including Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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