F.N.B. (NYSE:FNB) Lifted to “Hold” at StockNews.com

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

A number of other equities research analysts have also recently weighed in on the company. Piper Sandler boosted their price objective on F.N.B. from $15.00 to $17.00 and gave the company an overweight rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $16.00 target price on shares of F.N.B. in a report on Wednesday, June 26th. Finally, 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, F.N.B. has an average rating of Moderate Buy and an average target price of $15.29.

F.N.B. Trading Up 2.4 %

Shares of F.N.B. stock opened at $14.59 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $14.41 and a 200-day simple moving average of $13.83. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 9.98 and a beta of 0.97. F.N.B. has a 12-month low of $10.24 and a 12-month high of $15.65.

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

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Thursday, September 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Thursday, September 5th. F.N.B.’s dividend payout ratio (DPR) is presently 38.71%.

Hedge Funds Weigh In On F.N.B.

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of F.N.B. during the fourth quarter valued at $49,533,000. AQR Capital Management LLC lifted its stake in shares of F.N.B. by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after purchasing an additional 1,964,884 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of F.N.B. by 706.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,208,076 shares of the bank’s stock worth $16,635,000 after purchasing an additional 1,058,293 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 purchasing an additional 647,335 shares during the period. Finally, Choreo LLC acquired a new position in F.N.B. in the second quarter valued at $2,802,000. 79.25% of the stock is owned by institutional investors and hedge funds.

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.