Truist Financial Issues Positive Forecast for F.N.B. (NYSE:FNB) Stock Price

F.N.B. (NYSE:FNB - Free Report) had its price target increased by Truist Financial from $16.50 to $17.50 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the bank's stock.

Several other equities analysts have also recently weighed in on the company. Keefe, Bruyette & Woods raised F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective for the company in a report on Monday, April 21st. Wall Street Zen downgraded F.N.B. from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. DA Davidson reiterated a "buy" rating and issued a $19.00 price objective on shares of F.N.B. in a report on Thursday, April 17th. Finally, Wells Fargo & Company boosted their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.00.

F.N.B. Stock Performance

F.N.B. stock traded up $0.16 during midday trading on Friday, reaching $15.96. 3,970,740 shares of the company's stock were exchanged, compared to its average volume of 2,645,799. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.92 and a current ratio of 0.93. F.N.B. has a 52 week low of $10.88 and a 52 week high of $17.70. The stock's 50-day simple moving average is $14.31 and its 200 day simple moving average is $14.19. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 1.13 and a beta of 0.92.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. The business had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. F.N.B. had a net margin of 17.78% and a return on equity of 7.97%. During the same quarter in the prior year, the business earned $0.34 EPS. On average, analysts expect that F.N.B. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Monday, June 2nd. F.N.B.'s payout ratio is presently 38.10%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FNB. Victory Capital Management Inc. increased its position in shares of F.N.B. by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 127,925 shares of the bank's stock worth $1,891,000 after buying an additional 3,801 shares during the period. Proficio Capital Partners LLC bought a new stake in F.N.B. during the fourth quarter valued at $177,000. Raymond James Financial Inc. bought a new stake in F.N.B. during the fourth quarter valued at $15,801,000. Amundi acquired a new stake in F.N.B. during the 4th quarter worth about $2,188,000. Finally, AlphaQuest LLC raised its position in shares of F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after acquiring an additional 1,759 shares in the last quarter. 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.