F.N.B. Co. (NYSE:FNB) Receives $17.57 Consensus PT from Brokerages

F.N.B. Co. (NYSE:FNB - Get Free Report) has received an average recommendation of "Buy" from the seven analysts that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.57.

FNB has been the subject of several research analyst reports. Truist Financial initiated coverage on F.N.B. in a report on Tuesday, May 13th. They issued a "buy" rating and a $16.50 price objective for the company. Wells Fargo & Company cut their price target on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods raised F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target for the company in a report on Monday, April 21st. Finally, DA Davidson reissued a "buy" rating and set a $19.00 price target on shares of F.N.B. in a report on Thursday, April 17th.

F.N.B. Stock Down 2.6%

Shares of F.N.B. stock traded down $0.36 on Wednesday, reaching $13.61. The company's stock had a trading volume of 2,990,386 shares, compared to its average volume of 2,538,741. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 3.60 and a beta of 0.91. The firm's fifty day simple moving average is $13.48 and its two-hundred day simple moving average is $14.37. F.N.B. has a 52 week low of $10.88 and a 52 week high of $17.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. The company had revenue of $411.61 million during the quarter, compared to analyst estimates of $409.52 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. Equities analysts anticipate that F.N.B. will post 1.45 earnings per share for the current year.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.53%. The ex-dividend date is Monday, June 2nd. F.N.B.'s dividend payout ratio is presently 38.10%.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of F.N.B. by 0.3% in the first quarter. Vanguard Group Inc. now owns 39,531,150 shares of the bank's stock worth $531,694,000 after acquiring an additional 114,672 shares during the period. PL Capital Advisors LLC bought a new position in shares of F.N.B. in the fourth quarter worth about $308,616,000. Geode Capital Management LLC boosted its stake in shares of F.N.B. by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank's stock worth $88,133,000 after acquiring an additional 21,325 shares during the period. First Trust Advisors LP boosted its stake in shares of F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock worth $77,349,000 after acquiring an additional 2,273,736 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of F.N.B. by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock worth $58,239,000 after acquiring an additional 51,862 shares during the period. Institutional investors own 79.25% of the company's stock.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.