F.N.B. Corporation (NYSE:FNB) Stock Has Consensus Target Price of $20.75 According to Analysts

F.N.B. Corporation (NYSE:FNB) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $20.58.

FNB has been the subject of a number of recent research reports. Bank of America reiterated a “neutral” rating and issued a $19.00 price objective (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Wells Fargo & Company dropped their price target on F.N.B. from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. UBS Group started coverage on F.N.B. in a research report on Monday, September 14th. They set a “neutral” rating and a $20.00 price objective on the stock. Finally, Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research note on Monday, July 20th.

Insider Activity at F.N.B.

In other news, insider Bryant Mitchell David sold 4,055 shares of the business’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 transaction, the insider owned 144,283 shares of the company’s stock, valued at approximately $2,777,447.75. The trade was a 2.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On F.N.B.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Stonebridge Financial Group LLC raised its stake in F.N.B. by 1.2% during the third quarter. Stonebridge Financial Group LLC now owns 59,582 shares of the bank’s stock worth $1,025,000 after purchasing an additional 688 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of F.N.B. by 83.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 115,720 shares of the bank’s stock valued at $2,208,000 after buying an additional 52,508 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of F.N.B. by 10.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,927 shares of the bank’s stock valued at $342,000 after buying an additional 1,629 shares during the period. IFP Advisors Inc increased its holdings in shares of F.N.B. by 45.3% during the 2nd quarter. IFP Advisors Inc now owns 7,248 shares of the bank’s stock worth $138,000 after buying an additional 2,261 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of F.N.B. by 81.5% during the 2nd quarter. Allworth Financial LP now owns 16,669 shares of the bank’s stock worth $318,000 after buying an additional 7,483 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Trading Down 0.1%

Shares of FNB stock opened at $17.43 on Tuesday. 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 quick ratio of 0.91 and a current ratio of 0.92. The stock’s fifty day moving average is $18.41 and its two-hundred day moving average is $18.06. The firm has a market capitalization of $6.15 billion, a P/E ratio of 10.38, a PEG ratio of 1.11 and a beta of 0.87.

F.N.B. (NYSE:FNB) last released 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 business had revenue of $463.00 million during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $0.36 earnings per share. Research analysts expect that F.N.B. will post 1.69 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 1st. F.N.B.’s payout ratio is currently 30.95%.

About F.N.B.

F.N.B. Corporation (NYSE:FNB) is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking and related financial services to consumers, businesses, government entities and institutions.

FNB’s products and services include checking and savings accounts, consumer and residential lending, commercial loans, treasury management, electronic banking and credit-related services. The company also offers wealth management, trust and investment services, insurance solutions and capital markets services through specialized business units.

First National Bank traces its history to 1864, when it was established in Greenville, Pennsylvania.