F.N.B. Corporation (NYSE:FNB - Get Free Report) has earned an average rating of "Buy" from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $17.57.
Several research analysts have weighed in on the stock. Truist Financial initiated coverage on shares of F.N.B. in a report on Tuesday, May 13th. They set a "buy" rating and a $16.50 price objective on the stock. Wall Street Zen cut F.N.B. from a "hold" rating to a "sell" rating in a research note on Saturday. Wells Fargo & Company reduced their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. DA Davidson reiterated a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods upgraded F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective on the stock in a research note on Monday, April 21st.
Read Our Latest Stock Analysis on FNB
Institutional Investors Weigh In On F.N.B.
A number of hedge funds and other institutional investors have recently modified their holdings of FNB. World Investment Advisors increased its position in F.N.B. by 2.3% during the 4th quarter. World Investment Advisors now owns 29,393 shares of the bank's stock valued at $434,000 after purchasing an additional 667 shares during the period. Forum Financial Management LP increased its holdings in F.N.B. by 5.9% in the 4th quarter. Forum Financial Management LP now owns 13,258 shares of the bank's stock worth $196,000 after buying an additional 744 shares in the last quarter. Arizona State Retirement System increased its holdings in F.N.B. by 0.7% in the 4th quarter. Arizona State Retirement System now owns 104,354 shares of the bank's stock worth $1,542,000 after buying an additional 765 shares in the last quarter. Verdence Capital Advisors LLC raised its position in F.N.B. by 3.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 25,489 shares of the bank's stock worth $343,000 after buying an additional 783 shares during the last quarter. Finally, United Services Automobile Association lifted its stake in F.N.B. by 3.7% during the 4th quarter. United Services Automobile Association now owns 24,524 shares of the bank's stock valued at $362,000 after acquiring an additional 870 shares during the period. Institutional investors own 79.25% of the company's stock.
F.N.B. Trading Down 0.4%
Shares of F.N.B. stock traded down $0.06 on Friday, reaching $15.52. 5,159,403 shares of the company's stock were exchanged, compared to its average volume of 2,617,670. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $5.58 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 1.12 and a beta of 0.92. The firm's 50-day moving average is $14.07 and its two-hundred day moving average is $14.16. 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 issued its earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. F.N.B. had a return on equity of 7.97% and a net margin of 17.78%. The company had revenue of $411.61 million during the quarter, compared to the consensus estimate of $409.52 million. During the same period last year, the business posted $0.34 EPS. Sell-side analysts predict that F.N.B. will post 1.45 EPS for the current fiscal year.
F.N.B. Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.09%. F.N.B.'s dividend payout ratio is presently 38.10%.
F.N.B. Company Profile
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Get Free ReportF.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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