F.N.B. (NYSE:FNB) Given New $19.00 Price Target at Wells Fargo & Company

F.N.B. (NYSE:FNB) had its target price increased by Wells Fargo & Company from $16.00 to $19.00 in a report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the bank’s stock.

FNB has been the topic of several other reports. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Raymond James upped their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Stephens lifted their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, F.N.B. presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.33.

F.N.B. Stock Performance

Shares of FNB opened at $16.70 on Tuesday. The company has a 50-day moving average of $15.15 and a two-hundred day moving average of $14.40. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 15.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. F.N.B. has a one year low of $12.28 and a one year high of $17.70.

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

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s payout ratio is presently 44.04%.

Hedge Funds Weigh In On F.N.B.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of F.N.B. during the 2nd quarter worth about $920,000. CWM LLC boosted its position in F.N.B. by 0.4% during the third quarter. CWM LLC now owns 379,995 shares of the bank’s stock worth $5,362,000 after purchasing an additional 1,527 shares during the period. Petiole USA ltd raised its position in shares of F.N.B. by 48.1% in the third quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after purchasing an additional 57,000 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of F.N.B. in the third quarter worth $447,000. Finally, Cetera Advisors LLC boosted its holdings in shares of F.N.B. by 253.4% during the 1st quarter. Cetera Advisors LLC now owns 92,986 shares of the bank’s stock worth $1,311,000 after buying an additional 66,676 shares during the period. 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.