Brokerages Set F.N.B. Corporation (NYSE:FNB) PT at $18.64

Key Points

• F.N.B. Corporation has received a consensus recommendation of "Buy" from seven research firms, with an average 1-year target price of $18.64.
• Institutional investors have increased their holdings in F.N.B., with Vanguard Group and Goldman Sachs significantly raising their stakes during the first quarter.
• F.N.B. recently declared a quarterly dividend of $0.12, reflecting a 2.9% dividend yield and a payout ratio of 37.50%.

F.N.B. Corporation (NYSE:FNB - Get Free Report) has been given an average rating of "Buy" by the seven ratings firms that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $18.6429.

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

Institutional Trading of F.N.B.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. McClarren Financial Advisors Inc. purchased a new stake in shares of F.N.B. during the first quarter worth about $28,000. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 2,420 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of F.N.B. during the first quarter worth about $34,000. Parallel Advisors LLC grew its position in shares of F.N.B. by 47.4% during the first quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock worth $42,000 after purchasing an additional 995 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of F.N.B. during the first quarter worth about $42,000. Hedge funds and other institutional investors own 79.25% of the company's stock.

F.N.B. Stock Performance

Shares of NYSE:FNB traded down $0.19 during midday trading on Friday, reaching $16.11. 8,143,895 shares of the company's stock traded hands, compared to its average volume of 8,082,387. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 0.92 and a beta of 0.97. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.93. F.N.B. has a one year low of $10.88 and a one year high of $17.70. The stock has a 50 day moving average of $15.94 and a 200 day moving average of $14.50.

F.N.B. (NYSE:FNB - Get Free Report) last posted its earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share 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 company had revenue of $438.21 million for the quarter, compared to the consensus estimate of $424.39 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. As a group, equities research analysts anticipate that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $0.12 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.0%. F.N.B.'s dividend payout ratio is presently 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.