F.N.B. Corporation (NYSE:FNB) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analyst sentiment is moderately bullish: Seven analysts give F.N.B. a consensus “Moderate Buy” rating, with five buys and two holds. The average 12-month price target is $20.29 versus the stock’s $18.17 opening price.
• F.N.B.’s latest quarterly results met expectations on earnings, reporting $0.43 EPS, while revenue of $469.12 million fell short of the $476.20 million consensus estimate.
• The bank declared a quarterly dividend of $0.13, equivalent to $0.52 annually and a 2.9% yield; institutional investors own 79.25% of the company.

Shares of F.N.B. Corporation (NYSE:FNB - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.29.

Several brokerages have commented on FNB. Wall Street Zen raised F.N.B. from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Piper Sandler reissued an "overweight" rating on shares of F.N.B. in a report on Monday, July 20th. UBS Group began coverage on shares of F.N.B. in a research note on Monday, September 14th. They issued a "neutral" rating and a $20.00 price target on the stock. Truist Financial decreased their price target on shares of F.N.B. from $20.50 to $19.00 and set a "buy" rating on the stock in a report on Friday, October 9th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of F.N.B. in a research report on Friday, September 4th.

Insiders Place Their Bets

In other F.N.B. news, insider Bryant Mitchell David sold 4,055 shares of the business's stock in a transaction 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 sale, the insider owned 144,283 shares of the company's stock, valued at approximately $2,777,447.75. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Stonebridge Financial Group LLC grew its position in F.N.B. by 1.2% in the 3rd quarter. Stonebridge Financial Group LLC now owns 59,582 shares of the bank's stock valued at $1,025,000 after purchasing an additional 688 shares during the period. Root Financial Partners LLC increased its stake in F.N.B. by 66.8% during the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank's stock valued at $34,000 after purchasing an additional 820 shares in the last quarter. Versant Capital Management Inc raised its holdings in F.N.B. by 9.7% during the second quarter. Versant Capital Management Inc now owns 11,861 shares of the bank's stock worth $226,000 after buying an additional 1,044 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in F.N.B. by 50.7% during the second quarter. Parkside Financial Bank & Trust now owns 3,289 shares of the bank's stock worth $63,000 after buying an additional 1,106 shares during the last quarter. Finally, Everhart Financial Group Inc. raised its holdings in F.N.B. by 6.7% during the third quarter. Everhart Financial Group Inc. now owns 20,709 shares of the bank's stock worth $356,000 after buying an additional 1,297 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors.

F.N.B. Trading Down 0.0%

Shares of FNB stock opened at $18.17 on Friday. The stock's fifty day moving average price is $17.91 and its two-hundred day moving average price is $18.14. The company has a market cap of $6.42 billion, a PE ratio of 10.69, a P/E/G ratio of 0.80 and a beta of 0.87. F.N.B. has a fifty-two week low of $15.21 and a fifty-two week high of $19.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.91.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings results on Monday, October 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. F.N.B. had a return on equity of 9.12% and a net margin of 22.46%. The company had revenue of $469.12 million for the quarter, compared to analyst estimates of $476.20 million. During the same quarter last year, the company posted $0.41 EPS. Equities analysts predict that F.N.B. will post 1.69 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.52 annualized dividend and a yield of 2.9%. F.N.B.'s dividend payout ratio is presently 30.59%.

About F.N.B.

F.N.B. Corporation NYSE: FNB is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking, lending and wealth management services to individuals, families, businesses and government entities.

FNB's offerings include checking and savings accounts, certificates of deposit, residential and consumer loans, commercial real estate and business lending, treasury management and cash-management services.

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