F.N.B. (NYSE:FNB) Rating Increased to Hold at UBS Group

UBS Group upgraded shares of F.N.B. (NYSE:FNB) to a hold rating in a research report report published on Monday,Zacks reports.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Truist Financial decreased their price objective on F.N.B. from $21.00 to $20.50 and set a “buy” rating for the company in a report on Monday, July 20th. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a report on Monday, July 20th. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research report on Friday, September 4th. Finally, Wells Fargo & Company lifted their target price on F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.75.

F.N.B. Stock Down 0.3%

F.N.B. stock opened at $18.26 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. F.N.B. has a one year low of $14.45 and a one year high of $19.59. The company has a 50-day simple moving average of $18.79 and a 200-day simple moving average of $17.97. The firm has a market capitalization of $6.45 billion, a P/E ratio of 10.87, a P/E/G ratio of 1.16 and a beta of 0.84.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Friday, July 17th. The bank reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $463.00 million for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.36 EPS. As a group, equities analysts expect that F.N.B. will post 1.69 earnings per share for the current year.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, September 1st. F.N.B.’s payout ratio is 30.95%.

Insider Activity at F.N.B.

In other news, insider Bryant Mitchell David sold 4,055 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $19.25, for a total value of $78,058.75. Following the completion of the sale, the insider directly owned 144,283 shares of the company’s stock, valued at approximately $2,777,447.75. This represents a 2.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rhino Investment Partners Inc increased its stake in F.N.B. by 47.8% in the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock valued at $20,188,000 after buying an additional 390,526 shares during the period. Amundi boosted its stake in shares of F.N.B. by 980.6% during the 2nd quarter. Amundi now owns 382,193 shares of the bank’s stock valued at $7,292,000 after buying an additional 346,824 shares during the period. SG Americas Securities LLC boosted its stake in shares of F.N.B. by 585.2% during the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock valued at $5,990,000 after buying an additional 305,961 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of F.N.B. during the 1st quarter valued at $3,381,000. Finally, Wellington Management Group LLP grew its holdings in shares of F.N.B. by 12.5% during the 2nd quarter. Wellington Management Group LLP now owns 1,318,016 shares of the bank’s stock valued at $25,148,000 after acquiring an additional 146,571 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Company Profile

F.N.B. Corporation is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It operates primarily through its banking subsidiary, First National Bank of Pennsylvania, which provides services to consumers, businesses, and institutional clients.

The company offers a broad range of banking products and services, including checking and savings accounts, consumer lending, residential and commercial real estate financing, business loans, treasury management, and wealth management.