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

Key Points

• F.N.B. Corporation has received an average rating of "Buy" from seven analysts, with a consensus target price of $18.64, indicating positive sentiment in the market.
• The company recently reported $0.36 EPS, exceeding analysts' expectations of $0.33, and recorded a revenue of $438.21 million, also above forecasts.
• A quarterly dividend of $0.12 per share has been declared, translating to an annualized yield of 2.9%, with an ex-dividend date set for September 2nd.

F.N.B. Corporation (NYSE:FNB - Get Free Report) has been given a consensus rating of "Buy" by the seven ratings firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.6429.

Several equities research analysts have issued reports on the company. Truist Financial lifted their price objective on F.N.B. from $17.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Wells Fargo & Company boosted their price target on F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. DA Davidson upped their price objective on F.N.B. from $17.00 to $19.00 and gave the company a "buy" rating in a report on Monday, July 21st. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $18.50 price objective (up previously from $16.50) on shares of F.N.B. in a report on Monday, July 21st. Finally, Wall Street Zen raised F.N.B. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th.

F.N.B. Stock Performance

FNB traded up $0.03 on Monday, hitting $16.74. 6,796,660 shares of the company traded hands, compared to its average volume of 3,799,175. The company has a 50 day moving average of $15.50 and a 200-day moving average of $14.31. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $6.01 billion, a PE ratio of 13.08, a PEG ratio of 0.96 and a beta of 0.94. F.N.B. has a 12-month low of $10.88 and a 12-month high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. F.N.B. had a return on equity of 7.94% and a net margin of 17.88%.The firm had revenue of $438.21 million for the quarter, compared to the consensus estimate of $424.39 million. During the same period in the previous year, the business earned $0.34 earnings per share. Sell-side analysts anticipate that F.N.B. will post 1.45 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.9%. F.N.B.'s dividend payout ratio (DPR) is 37.50%.

Institutional Investors Weigh In On F.N.B.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of F.N.B. by 0.3% during the first quarter. Vanguard Group Inc. now owns 39,531,150 shares of the bank's stock worth $531,694,000 after purchasing an additional 114,672 shares during the period. Northern Trust Corp raised its stake in F.N.B. by 26.4% in the fourth quarter. Northern Trust Corp now owns 3,133,235 shares of the bank's stock valued at $46,309,000 after buying an additional 655,383 shares during the period. AQR Capital Management LLC increased its stake in shares of F.N.B. by 36.4% during the first quarter. AQR Capital Management LLC now owns 1,896,488 shares of the bank's stock worth $25,204,000 after purchasing an additional 505,780 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of F.N.B. by 77.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank's stock worth $20,353,000 after purchasing an additional 660,387 shares during the period. Finally, Rhino Investment Partners Inc bought a new position in shares of F.N.B. during the first quarter worth approximately $19,990,000. 79.25% of the stock is owned by institutional investors and hedge funds.

About F.N.B.

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.