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

Shares of F.N.B. Corporation (NYSE:FNB - Get Free Report) have earned a consensus rating of "Buy" from the seven brokerages that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is $18.64.

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

F.N.B. Price Performance

Shares of FNB stock traded down $0.47 during mid-day trading on Thursday, hitting $14.85. 8,160,364 shares of the stock were exchanged, compared to its average volume of 5,873,108. F.N.B. has a 52-week low of $10.88 and a 52-week high of $17.70. 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 company has a market cap of $5.34 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The firm has a fifty day moving average of $14.78 and a 200 day moving average of $14.30.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The bank reported $0.36 EPS 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 business had revenue of $438.21 million during the quarter, compared to analysts' expectations of $424.39 million. During the same period in the previous year, the business earned $0.34 earnings per share. Research 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.2%. F.N.B.'s dividend payout ratio is currently 37.50%.

Institutional Trading of F.N.B.

Hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC lifted its stake in F.N.B. by 195.3% during the 4th quarter. LPL Financial LLC now owns 223,285 shares of the bank's stock worth $3,300,000 after acquiring an additional 147,684 shares in the last quarter. Prudential Financial Inc. increased its stake in F.N.B. by 51.1% during the 4th quarter. Prudential Financial Inc. now owns 112,920 shares of the bank's stock worth $1,669,000 after buying an additional 38,180 shares during the period. JPMorgan Chase & Co. boosted its position in F.N.B. by 1.0% in the 4th quarter. JPMorgan Chase & Co. now owns 996,865 shares of the bank's stock valued at $14,734,000 after buying an additional 9,781 shares during the period. Norges Bank acquired a new position in shares of F.N.B. in the fourth quarter worth $50,205,000. Finally, Pictet Asset Management Holding SA increased its position in shares of F.N.B. by 25.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 54,914 shares of the bank's stock worth $812,000 after acquiring an additional 11,083 shares during the period. 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.