F.N.B. Corporation (NYSE:FNB) Receives $18.64 Average Target Price from Brokerages

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

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

F.N.B. Stock Performance

Shares of NYSE:FNB traded down $0.47 during midday trading on Thursday, reaching $14.85. The company had a trading volume of 8,160,364 shares, compared to its average volume of 5,873,108. The company's 50 day moving average price is $14.80 and its 200 day moving average price is $14.29. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41. The stock has a market cap of $5.34 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.88 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 announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.36 earnings per share (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 for the quarter, compared to analysts' expectations of $424.39 million. During the same period in the previous year, the business posted $0.34 EPS. As a group, sell-side analysts anticipate that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently disclosed 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 of this dividend is Tuesday, September 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.2%. F.N.B.'s payout ratio is presently 37.50%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. OneDigital Investment Advisors LLC grew its holdings in shares of F.N.B. by 19.5% during the first quarter. OneDigital Investment Advisors LLC now owns 18,938 shares of the bank's stock worth $255,000 after purchasing an additional 3,086 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of F.N.B. by 4.8% during the first quarter. Teacher Retirement System of Texas now owns 88,338 shares of the bank's stock worth $1,188,000 after purchasing an additional 4,078 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of F.N.B. by 51.1% during the fourth quarter. Prudential Financial Inc. now owns 112,920 shares of the bank's stock worth $1,669,000 after purchasing an additional 38,180 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew 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 purchasing an additional 2,983 shares in the last quarter. Finally, AA Financial Advisors LLC purchased a new stake in F.N.B. in the first quarter worth approximately $269,000. Hedge funds and other institutional investors own 79.25% of the company's stock.

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.