F.N.B. Corporation (NYSE:FNB) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Six analysts give F.N.B. a consensus "Buy" rating with an average 1-year target of $20.20, and recent upward target revisions from Keefe, Bruyette & Woods, Truist and Piper Sandler to the $20–$21 range.
• F.N.B. opened at $17.67, has a market cap of about $6.28B and a P/E of 10.9 (PEG 0.87); it reported Q1 EPS of $0.38 (in line) on $450.3M revenue and analysts expect roughly 1.72 EPS for the year.
• The company raised its quarterly dividend to $0.13 (annualized $0.52) for a ~2.9% yield, payable June 15 with an ex-dividend date of June 1.

F.N.B. Corporation (NYSE:FNB - Get Free Report) has earned an average rating of "Buy" from the six analysts that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is $20.20.

FNB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of F.N.B. from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. Truist Financial upped their price target on shares of F.N.B. from $19.50 to $20.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Finally, Piper Sandler reiterated an "overweight" rating and set a $21.00 price target (up from $20.00) on shares of F.N.B. in a research report on Thursday, January 22nd.

F.N.B. Stock Performance

NYSE:FNB opened at $17.67 on Friday. The stock has a fifty day moving average price of $17.05 and a 200-day moving average price of $16.97. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 0.87 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. F.N.B. has a fifty-two week low of $13.36 and a fifty-two week high of $19.14.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $0.38 EPS for the quarter, hitting analysts' consensus estimates of $0.38. The company had revenue of $450.26 million for the quarter, compared to analysts' expectations of $454.06 million. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.During the same quarter last year, the business earned $0.32 earnings per share. As a group, equities analysts anticipate that F.N.B. will post 1.72 EPS for the current fiscal year.

F.N.B. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, June 1st. This is a boost from F.N.B.'s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 2.9%. F.N.B.'s dividend payout ratio is currently 32.10%.

Hedge Funds Weigh In On F.N.B.

Institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC acquired a new stake in F.N.B. in the fourth quarter valued at about $34,000. Root Financial Partners LLC raised its stake in F.N.B. by 66.8% during the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank's stock worth $34,000 after acquiring an additional 820 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in F.N.B. by 3,723.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank's stock worth $36,000 after acquiring an additional 2,420 shares in the last quarter. Triumph Capital Management bought a new position in shares of F.N.B. in the third quarter worth about $55,000. Finally, Parallel Advisors LLC boosted its stake in shares of F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank's stock valued at $73,000 after purchasing an additional 720 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company's stock.

About F.N.B.

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company's main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.

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