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

Key Points

• F.N.B. Corporation has received an average rating of "Buy" from eight analysts, with a 1-year target price of $18.6429.
• Institutional ownership of F.N.B. stock is significant, with 79.25% owned by institutional investors and hedge funds.
• F.N.B. declared a quarterly dividend of $0.12 per share, resulting in an annualized dividend yield of 3.1%.

F.N.B. Corporation (NYSE:FNB - Get Free Report) has received an average recommendation of "Buy" from the eight analysts that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.6429.

FNB has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Wall Street Zen upgraded F.N.B. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $18.50 price objective (up from $16.50) on shares of F.N.B. in a research report on Monday, July 21st. Weiss Ratings restated a "buy (b)" rating on shares of F.N.B. in a research report on Wednesday, October 8th. Finally, Truist Financial boosted their price objective on shares of F.N.B. from $17.50 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FNB. GAMMA Investing LLC increased its holdings in shares of F.N.B. by 1,442.9% during the first quarter. GAMMA Investing LLC now owns 81,588 shares of the bank's stock worth $1,097,000 after buying an additional 76,300 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of F.N.B. by 19.6% during the first quarter. Farther Finance Advisors LLC now owns 17,928 shares of the bank's stock worth $241,000 after buying an additional 2,937 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of F.N.B. during the first quarter worth $319,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of F.N.B. by 7.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,438 shares of the bank's stock worth $571,000 after buying an additional 2,983 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of F.N.B. by 2.3% during the first quarter. Janney Montgomery Scott LLC now owns 55,892 shares of the bank's stock worth $752,000 after buying an additional 1,249 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Price Performance

NYSE:FNB opened at $15.63 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.93. The stock's 50-day simple moving average is $16.08 and its 200 day simple moving average is $14.76. The company has a market cap of $5.61 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.01 and a beta of 0.94. F.N.B. has a 52-week low of $10.88 and a 52-week high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last released its earnings results on Thursday, June 20th. The bank reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $419.30 million for the quarter. F.N.B. had a return on equity of 7.94% and a net margin of 17.88%. As a group, sell-side analysts forecast that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.1%. F.N.B.'s dividend payout ratio is 37.50%.

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.

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