F.N.B. Corporation (NYSE:FNB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of F.N.B. Corporation (NYSE:FNB) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $19.00.

FNB has been the topic of a number of recent analyst reports. Truist Financial boosted their price objective on F.N.B. from $18.00 to $18.50 and gave the stock a “buy” rating in a research note on Monday, October 20th. Piper Sandler assumed coverage on F.N.B. in a report on Wednesday, December 3rd. They issued an “overweight” rating and a $19.00 price target for the company. DA Davidson downgraded shares of F.N.B. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research report on Monday.

Insiders Place Their Bets

In related news, insider James L. Dutey sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total value of $670,000.00. Following the completion of the transaction, the insider owned 49,936 shares in the company, valued at $836,428. The trade was a 44.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently made changes to their positions in FNB. Danske Bank A S bought a new position in F.N.B. in the third quarter valued at about $85,000. Triumph Capital Management bought a new stake in F.N.B. during the 3rd quarter worth about $55,000. Fiduciary Trust Co acquired a new position in F.N.B. during the 3rd quarter valued at about $457,000. Brooklyn Investment Group lifted its position in F.N.B. by 37.4% during the 3rd quarter. Brooklyn Investment Group now owns 41,200 shares of the bank’s stock valued at $664,000 after purchasing an additional 11,222 shares during the period. Finally, Entropy Technologies LP bought a new position in shares of F.N.B. in the 3rd quarter valued at about $960,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $16.95 on Wednesday. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 0.88 and a beta of 0.93. The firm’s 50-day moving average price is $15.99 and its two-hundred day moving average price is $15.59. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. F.N.B. has a 1-year low of $10.88 and a 1-year high of $17.23.

F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, June 20th. The bank reported $0.40 EPS for the quarter. The business had revenue of $419.30 million for the quarter. F.N.B. had a return on equity of 8.22% and a net margin of 19.23%. On average, equities analysts predict that F.N.B. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. F.N.B.’s dividend payout ratio is 34.53%.

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.