F.N.B. Co. (NYSE:FNB) Given Average Rating of “Moderate Buy” by Brokerages

F.N.B. Co. (NYSE:FNB) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $16.83.

A number of equities analysts have recently commented on the company. Stephens lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Raymond James lifted their price target on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Diversified Trust Co increased its stake in F.N.B. by 4.9% in the second quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock valued at $231,000 after acquiring an additional 789 shares during the period. Signaturefd LLC raised its holdings in shares of F.N.B. by 16.7% in the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock worth $79,000 after buying an additional 799 shares in the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of F.N.B. by 2.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank’s stock worth $480,000 after buying an additional 836 shares during the period. Hancock Whitney Corp lifted its position in shares of F.N.B. by 0.8% during the 3rd quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock worth $1,721,000 after buying an additional 947 shares during the period. Finally, Bank of Montreal Can grew its position in F.N.B. by 2.2% in the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock valued at $653,000 after acquiring an additional 1,040 shares during the period. 79.25% of the stock is owned by institutional investors.

F.N.B. Price Performance

FNB opened at $17.16 on Friday. F.N.B. has a twelve month low of $11.89 and a twelve month high of $17.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The business has a 50 day moving average price of $15.04 and a 200 day moving average price of $14.36. The firm has a market cap of $6.17 billion, a P/E ratio of 15.74 and a beta of 0.95.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. Research analysts forecast that F.N.B. will post 1.34 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s dividend payout ratio (DPR) is presently 44.04%.

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.