Brokerages Set F.N.B. Corporation (NYSE:FNB) Price Target at $20.90

F.N.B. Corporation (NYSE:FNB) has received a consensus rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $20.90.

Several research firms have weighed in on FNB. Bank of America reissued a “neutral” rating and issued a $19.00 price target (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Wells Fargo & Company upped their target price on F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Monday, July 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Finally, Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a report on Saturday, August 15th.

F.N.B. Price Performance

Shares of FNB opened at $18.70 on Friday. The firm has a market capitalization of $6.60 billion, a PE ratio of 11.13, a PEG ratio of 1.19 and a beta of 0.84. The company’s 50-day moving average is $18.90 and its 200-day moving average is $17.95. F.N.B. has a fifty-two week low of $14.45 and a fifty-two week high of $19.59. 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 posted its earnings results on Friday, July 17th. The bank reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $463.00 million during the quarter, compared to analysts’ expectations of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same quarter last year, the company posted $0.36 EPS. Equities analysts forecast that F.N.B. will post 1.69 EPS for the current year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.52 annualized dividend and a yield of 2.8%. F.N.B.’s dividend payout ratio (DPR) is presently 30.95%.

Insider Buying and Selling at F.N.B.

In other news, insider Gary L. Guerrieri sold 19,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the sale, the insider owned 298,097 shares of the company’s stock, valued at approximately $5,523,737.41. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bryant Mitchell David sold 4,055 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $19.25, for a total transaction of $78,058.75. Following the completion of the transaction, the insider owned 144,283 shares in the company, valued at $2,777,447.75. This trade represents a 2.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by company insiders.

Institutional Trading of F.N.B.

Several hedge funds and other institutional investors have recently bought and sold shares of FNB. Root Financial Partners LLC grew its position in shares of F.N.B. by 66.8% during the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock worth $34,000 after purchasing an additional 820 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of F.N.B. by 3,723.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after purchasing an additional 2,420 shares during the period. Triumph Capital Management acquired a new stake in shares of F.N.B. in the third quarter valued at approximately $55,000. Parkside Financial Bank & Trust raised its position in shares of F.N.B. by 50.7% in the second quarter. Parkside Financial Bank & Trust now owns 3,289 shares of the bank’s stock valued at $63,000 after buying an additional 1,106 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of F.N.B. by 18.9% in the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after buying an additional 720 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

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.