F.N.B. Co. (NYSE:FNB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of F.N.B. Co. (NYSE:FNB) have been given an average rating of “Moderate Buy” by the six research firms that are 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 target price among brokerages that have issued a report on the stock in the last year is $18.50.

Several analysts recently issued reports on the stock. DA Davidson upped their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Raymond James upped their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Stephens upped their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Piper Sandler dropped their price objective on shares of 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.

Insider Buying and Selling

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the sale, the chief executive officer now owns 1,652,229 shares in the company, valued at $27,261,778.50. This represents a 7.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William B. Campbell purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $15.57 per share, with a total value of $46,710.00. Following the purchase, the director now owns 158,834 shares in the company, valued at $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.03% of the stock is owned by company insiders.

Institutional Trading of F.N.B.

Hedge funds have recently made changes to their positions in the company. CWM LLC lifted its stake in shares of F.N.B. by 0.4% in the 3rd quarter. CWM LLC now owns 379,995 shares of the bank’s stock worth $5,362,000 after acquiring an additional 1,527 shares during the period. Jane Street Group LLC lifted its stake in shares of F.N.B. by 780.7% in the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after acquiring an additional 316,515 shares during the period. Oak Thistle LLC lifted its stake in shares of F.N.B. by 117.7% in the 4th quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock worth $1,415,000 after acquiring an additional 51,763 shares during the period. Stifel Financial Corp lifted its stake in shares of F.N.B. by 6.6% in the 3rd quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock worth $405,000 after acquiring an additional 1,768 shares during the period. Finally, Petiole USA ltd lifted its stake in shares of F.N.B. by 48.1% in the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock worth $2,475,000 after acquiring an additional 57,000 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Down 2.9 %

Shares of NYSE FNB opened at $15.32 on Thursday. The company’s 50-day simple moving average is $15.34 and its 200-day simple moving average is $14.99. F.N.B. has a 52-week low of $12.49 and a 52-week high of $17.70. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 3.80 and a beta of 1.01. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is 38.10%.

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.