F.N.B. (NYSE:FNB) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of F.N.B. (NYSE:FNB) from a hold rating to a sell rating in a report published on Tuesday.

FNB has been the topic of several other research reports. Piper Sandler lifted their price target on F.N.B. from $15.00 to $17.00 and gave the stock an overweight rating in a research report on Friday, July 19th. Stephens reissued an overweight rating and issued a $16.00 target price on shares of F.N.B. in a report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods reissued a market perform rating and issued a $16.00 target price on shares of F.N.B. in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $16.00.

F.N.B. Trading Up 0.7 %

FNB opened at $13.90 on Tuesday. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 10.27 and a beta of 0.96. F.N.B. has a 52 week low of $10.24 and a 52 week high of $15.65. The business’s 50 day moving average is $14.07 and its two-hundred day moving average is $13.87. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $403.81 million for the quarter, compared to analyst estimates of $408.14 million. F.N.B. had a return on equity of 9.04% and a net margin of 18.27%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. On average, research analysts predict that F.N.B. will post 1.38 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.45%. F.N.B.’s dividend payout ratio (DPR) is presently 38.71%.

Institutional Trading of F.N.B.

A number of institutional investors have recently modified their holdings of FNB. AQR Capital Management LLC boosted its stake in shares of F.N.B. by 181.6% in the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after buying an additional 1,964,884 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of F.N.B. by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after buying an additional 647,335 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of F.N.B. in the third quarter valued at approximately $3,292,000. Choreo LLC purchased a new stake in shares of F.N.B. in the second quarter valued at approximately $2,802,000. Finally, Vanguard Group Inc. boosted its stake in shares of F.N.B. by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock valued at $541,806,000 after buying an additional 156,120 shares in the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

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.