F.N.B. Corporation (NYSE:FNB) Receives Average Recommendation of “Buy” from Analysts

Shares of F.N.B. Corporation (NYSE:FNB) have been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $20.20.

A number of equities research analysts recently weighed in on FNB shares. Piper Sandler restated an “overweight” rating and set a $21.00 price objective (up from $20.00) on shares of F.N.B. in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods lifted their price target on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, Truist Financial boosted their price target on F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a report on Monday, April 20th.

Hedge Funds Weigh In On F.N.B.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tradewinds LLC. acquired a new position in shares of F.N.B. during the third quarter worth $1,444,000. Pacer Advisors Inc. acquired a new stake in F.N.B. in the third quarter valued at $1,097,000. Syon Capital LLC acquired a new stake in F.N.B. in the third quarter valued at $501,000. Rothschild Investment LLC raised its position in F.N.B. by 65,030.0% during the 3rd quarter. Rothschild Investment LLC now owns 6,513 shares of the bank’s stock worth $105,000 after purchasing an additional 6,503 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in F.N.B. by 45.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,868 shares of the bank’s stock worth $176,000 after purchasing an additional 3,400 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Stock Performance

Shares of F.N.B. stock opened at $17.67 on Friday. The company’s 50 day moving average price is $17.05 and its two-hundred day moving average price is $16.97. The firm has a market capitalization of $6.28 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.87 and a beta of 0.87. F.N.B. has a fifty-two week low of $13.36 and a fifty-two week high of $19.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91.

F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. F.N.B. had a net margin of 21.64% and a return on equity of 8.94%. The company had revenue of $450.26 million during the quarter, compared to the consensus estimate of $454.06 million. During the same period in the prior year, the business earned $0.32 earnings per share. On average, equities analysts forecast that F.N.B. will post 1.72 earnings per share for the current fiscal year.

F.N.B. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.13 per share. The ex-dividend date is Monday, June 1st. This represents a $0.52 annualized dividend and a yield of 2.9%. This is a boost from F.N.B.’s previous quarterly dividend of $0.12. F.N.B.’s dividend payout ratio is 32.10%.

F.N.B. Company Profile

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.