Analysts Set F.N.B. Co. (NYSE:FNB) Target Price at $17.57

F.N.B. Co. (NYSE:FNB - Get Free Report) has been assigned an average rating of "Buy" from the seven analysts that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $17.57.

Several equities research analysts have issued reports on FNB shares. DA Davidson reaffirmed a "buy" rating and set a $19.00 price target on shares of F.N.B. in a research note on Thursday, April 17th. Truist Financial started coverage on shares of F.N.B. in a research note on Tuesday, May 13th. They set a "buy" rating and a $16.50 price target on the stock. Wells Fargo & Company decreased their price target on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods raised shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target on the stock in a research note on Monday, April 21st. Finally, Piper Sandler decreased their target price on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd.

F.N.B. Price Performance

NYSE FNB traded up $0.08 during trading hours on Friday, reaching $13.90. The company's stock had a trading volume of 478,216 shares, compared to its average volume of 2,753,850. The stock has a market cap of $5.00 billion, a PE ratio of 11.03, a PEG ratio of 3.60 and a beta of 0.88. F.N.B. has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The company's 50-day moving average is $13.22 and its two-hundred day moving average is $14.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94.

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, beating analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The firm had revenue of $411.61 million for the quarter, compared to analysts' expectations of $409.52 million. During the same period in the prior year, the company earned $0.34 EPS. Analysts forecast that F.N.B. will post 1.45 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.45%. F.N.B.'s dividend payout ratio (DPR) is 38.10%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in F.N.B. by 0.3% during the first quarter. Vanguard Group Inc. now owns 39,531,150 shares of the bank's stock valued at $531,694,000 after buying an additional 114,672 shares in the last quarter. PL Capital Advisors LLC acquired a new position in F.N.B. during the fourth quarter valued at approximately $308,616,000. Geode Capital Management LLC lifted its position in F.N.B. by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank's stock valued at $88,133,000 after buying an additional 21,325 shares in the last quarter. First Trust Advisors LP lifted its position in F.N.B. by 76.8% during the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock valued at $77,349,000 after buying an additional 2,273,736 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in F.N.B. by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock valued at $58,239,000 after buying an additional 51,862 shares in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

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.