Brokerages Set F.N.B. Corporation (NYSE:FNB) PT at $19.60

Shares of F.N.B. Corporation (NYSE:FNB) have received an average recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $19.60.

FNB has been the subject of several recent research reports. Truist Financial boosted their price target on F.N.B. from $19.00 to $19.50 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. Finally, Piper Sandler reiterated an “overweight” rating and set a $21.00 target price (up from $20.00) on shares of F.N.B. in a research report on Thursday, January 22nd.

Institutional Investors Weigh In On F.N.B.

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in shares of F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after buying an additional 660,387 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of F.N.B. by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock worth $14,112,000 after acquiring an additional 58,672 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of F.N.B. by 2.6% during the 4th quarter. Congress Asset Management Co. now owns 466,393 shares of the bank’s stock worth $7,975,000 after acquiring an additional 11,841 shares in the last quarter. Royal Bank of Canada increased its stake in F.N.B. by 11.6% in the first 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 last quarter. Finally, Stanley Laman Group Ltd. increased its stake in F.N.B. by 1.5% in the fourth quarter. Stanley Laman Group Ltd. now owns 238,818 shares of the bank’s stock valued at $4,084,000 after acquiring an additional 3,589 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $16.01 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90. F.N.B. has a twelve month low of $10.88 and a twelve month high of $19.14. The company has a 50-day simple moving average of $17.42 and a two-hundred day simple moving average of $16.77.

F.N.B. (NYSE:FNB) last announced its earnings results on Wednesday, January 21st. The bank reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. The firm had revenue of $457.78 million for the quarter, compared to analyst estimates of $457.87 million. During the same quarter in the prior year, the business posted $0.30 EPS. Analysts forecast that F.N.B. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, March 2nd. F.N.B.’s payout ratio is 30.77%.

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.