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

Key Points

• Consensus "Buy": Six analysts rate F.N.B. as a buy with an average 1‑year price target of $19.60, and recent upgrades include Piper Sandler raising its target to $21.00 and Truist to $19.50.
• Quarterly earnings beat: F.N.B. posted $0.50 EPS vs. $0.41 expected and revenue of $457.78M (roughly in line), with analysts forecasting about $1.45 EPS for the fiscal year.
• Income and valuation: The bank pays a $0.12 quarterly dividend ($0.48 annualized, ~2.8% yield), and trades at a P/E of 10.95 with a market cap of roughly $6.07 billion.

F.N.B. Corporation (NYSE:FNB - Get Free Report) has received a consensus rating of "Buy" from the six research firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $19.60.

FNB has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of F.N.B. in a research note on Monday, December 29th. Piper Sandler reaffirmed an "overweight" rating and issued a $21.00 target price (up from $20.00) on shares of F.N.B. in a research note on Thursday, January 22nd. Finally, Truist Financial lifted their target price on shares of F.N.B. from $19.00 to $19.50 and gave the stock a "buy" rating in a research note on Thursday, January 22nd.

F.N.B. Trading Up 1.3%

Shares of FNB opened at $17.08 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $17.21 and a 200-day simple moving average of $16.78. F.N.B. has a 1-year low of $10.88 and a 1-year high of $19.14. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.76 and a beta of 0.87.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 21st. The bank reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.09. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. The business had revenue of $457.78 million during the quarter, compared to analysts' expectations of $457.87 million. During the same period last year, the company posted $0.30 EPS. Equities analysts forecast that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, March 2nd. F.N.B.'s payout ratio is presently 30.77%.

Institutional Trading of F.N.B.

Several hedge funds and other institutional investors have recently bought and sold shares of FNB. Royal Bank of Canada grew its stake in F.N.B. by 11.6% in the 1st quarter. Royal Bank of Canada now owns 274,466 shares of the bank's stock worth $3,692,000 after acquiring an additional 28,570 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in F.N.B. by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank's stock worth $2,058,000 after acquiring an additional 29,248 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank's stock valued at $20,353,000 after purchasing an additional 660,387 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of F.N.B. by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank's stock valued at $14,112,000 after purchasing an additional 58,672 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of F.N.B. by 3.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 123,771 shares of the bank's stock valued at $1,805,000 after purchasing an additional 4,299 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

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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