F.N.B. (NYSE:FNB) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of F.N.B. (NYSE:FNB - Free Report) from a market perform rating to an outperform rating in a research note published on Monday morning, MarketBeat.com reports. They currently have $16.50 target price on the bank's stock.

Several other research analysts have also recently issued reports on the company. Piper Sandler cut their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. DA Davidson reaffirmed a "buy" rating and set a $19.00 price objective on shares of F.N.B. in a report on Thursday, April 17th. Finally, Wells Fargo & Company lowered their target price on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.75.

F.N.B. Stock Down 0.8 %

NYSE FNB traded down $0.11 during mid-day trading on Monday, hitting $13.30. The company's stock had a trading volume of 1,845,075 shares, compared to its average volume of 2,477,532. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The company's 50 day simple moving average is $13.32 and its 200 day simple moving average is $14.72. F.N.B. has a twelve month low of $10.88 and a twelve month high of $17.70. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 3.60 and a beta of 0.86.

F.N.B. (NYSE:FNB - Get Free Report) last posted its earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The company had revenue of $411.61 million during the quarter, compared to the consensus estimate of $409.52 million. During the same period in the previous year, the firm posted $0.34 earnings per share. Analysts anticipate that F.N.B. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.'s payout ratio is 38.10%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, Director William B. Campbell acquired 3,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following the acquisition, the director now owns 158,834 shares in the company, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David L. Motley sold 15,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the sale, the director now directly owns 65,344 shares in the company, valued at $1,013,485.44. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company's stock.

Institutional Investors Weigh In On F.N.B.

Hedge funds and other institutional investors have recently modified their holdings of the stock. AlphaQuest LLC grew its stake in F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock valued at $27,000 after acquiring an additional 1,759 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of F.N.B. during the 4th quarter valued at $39,000. Parallel Advisors LLC grew its position in shares of F.N.B. by 47.4% during the 1st quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock valued at $42,000 after purchasing an additional 995 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in shares of F.N.B. in the first quarter worth $42,000. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of F.N.B. in the first quarter worth $47,000. 79.25% of the stock is currently owned by institutional investors.

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.