F.N.B. Corporation (NYSE:FNB) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate F.N.B. “Moderate Buy”: Four of seven analysts recommend buying the stock, one issues a strong buy, and two recommend holding. The average 12-month price target is $20.75, above the reported $17.41 share price.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 79.25% of F.N.B., with several firms increasing their positions during the second quarter. An insider separately sold 4,055 shares at an average price of $19.25.
• F.N.B. reported steady quarterly results and pays a dividend: Quarterly EPS of $0.42 matched analyst expectations, while revenue of $463 million fell slightly short of forecasts. The company declared a $0.13 quarterly dividend, equivalent to a 3.0% annual yield.

Shares of F.N.B. Corporation (NYSE:FNB - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $20.75.

A number of equities research analysts recently commented on the company. Wall Street Zen raised F.N.B. from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Piper Sandler reiterated an "overweight" rating on shares of F.N.B. in a research note on Monday, July 20th. 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 research report on Monday, August 10th. Truist Financial cut their target price on F.N.B. from $21.00 to $20.50 and set a "buy" rating on the stock in a research note on Monday, July 20th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of F.N.B. in a report on Friday, September 4th.

Insider Buying and Selling at F.N.B.

In other news, insider Bryant Mitchell David sold 4,055 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $19.25, for a total transaction of $78,058.75. Following the completion of the transaction, the insider directly owned 144,283 shares of the company's stock, valued at $2,777,447.75. This represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On F.N.B.

Several large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its holdings in shares of F.N.B. by 83.1% in the second quarter. Sequoia Financial Advisors LLC now owns 115,720 shares of the bank's stock worth $2,208,000 after purchasing an additional 52,508 shares during the period. Integrated Wealth Concepts LLC boosted its stake in F.N.B. by 10.0% during the second quarter. Integrated Wealth Concepts LLC now owns 17,927 shares of the bank's stock valued at $342,000 after buying an additional 1,629 shares during the period. IFP Advisors Inc grew its position in F.N.B. by 45.3% during the second quarter. IFP Advisors Inc now owns 7,248 shares of the bank's stock worth $138,000 after buying an additional 2,261 shares in the last quarter. Allworth Financial LP grew its position in F.N.B. by 81.5% during the second quarter. Allworth Financial LP now owns 16,669 shares of the bank's stock worth $318,000 after buying an additional 7,483 shares in the last quarter. Finally, West Family Investments Inc. bought a new position in F.N.B. in the 2nd quarter worth about $636,000. Hedge funds and other institutional investors own 79.25% of the company's stock.

F.N.B. Price Performance

Shares of NYSE FNB opened at $17.41 on Tuesday. The firm has a market capitalization of $6.14 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.12 and a beta of 0.84. The firm's 50-day moving average price is $18.57 and its 200-day moving average price is $18.01. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. F.N.B. has a 1-year low of $14.45 and a 1-year high of $19.59.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.42 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 quarter last year, the firm posted $0.36 earnings per share. Equities research analysts anticipate that F.N.B. will post 1.69 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 1st. F.N.B.'s payout ratio is 30.95%.

F.N.B. Company Profile

F.N.B. Corporation is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It operates primarily through its banking subsidiary, First National Bank of Pennsylvania, which provides services to consumers, businesses, and institutional clients.

The company offers a broad range of banking products and services, including checking and savings accounts, consumer lending, residential and commercial real estate financing, business loans, treasury management, and wealth management.

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