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

F.N.B. Corporation (NYSE:FNB) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $19.00.

Several research analysts recently weighed in on FNB shares. Piper Sandler assumed coverage on shares of F.N.B. in a research report on Wednesday, December 3rd. They issued an “overweight” rating and a $19.00 price objective for the company. Truist Financial boosted their target price on F.N.B. from $18.00 to $18.50 and gave the stock a “buy” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. Finally, DA Davidson lowered F.N.B. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th.

Insider Buying and Selling

In other F.N.B. news, insider Gary L. Guerrieri sold 15,000 shares of F.N.B. stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $17.67, for a total transaction of $265,050.00. Following the completion of the sale, the insider owned 279,883 shares of the company’s stock, valued at approximately $4,945,532.61. The trade was a 5.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James L. Dutey sold 40,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total transaction of $670,000.00. Following the sale, the insider owned 49,936 shares of the company’s stock, valued at $836,428. The trade was a 44.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors have recently made changes to their positions in FNB. AlphaQuest LLC lifted its stake in F.N.B. by 82.2% in the first quarter. AlphaQuest LLC now owns 3,295 shares of the bank’s stock valued at $44,000 after buying an additional 1,487 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of F.N.B. in the 1st quarter valued at about $144,000. Royal Bank of Canada raised its position in shares of F.N.B. by 11.6% in the 1st quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock valued at $3,692,000 after acquiring an additional 28,570 shares during the period. AQR Capital Management LLC raised its position in shares of F.N.B. by 36.4% in the 1st quarter. AQR Capital Management LLC now owns 1,896,488 shares of the bank’s stock valued at $25,204,000 after acquiring an additional 505,780 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in F.N.B. by 23.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank’s stock worth $2,058,000 after acquiring an additional 29,248 shares during the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Stock Up 0.5%

Shares of NYSE FNB opened at $17.19 on Friday. F.N.B. has a 12-month low of $10.88 and a 12-month high of $17.93. The firm’s 50-day simple moving average is $16.62 and its 200 day simple moving average is $16.03. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.32. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 0.78 and a beta of 0.91.

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

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, December 1st. F.N.B.’s dividend payout ratio (DPR) is 34.53%.

About F.N.B.

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.