F.N.B. Co. (NYSE:FNB) Receives $15.00 Consensus Target Price from Brokerages

F.N.B. Co. (NYSE:FNB) has been given an average recommendation of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $15.14.

FNB has been the subject of several recent analyst reports. Wells Fargo & Company upped their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.00 target price on shares of F.N.B. in a research report on Wednesday, June 26th. Stephens cut their target price on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Finally, StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, May 27th.

F.N.B. Stock Up 3.2 %

FNB stock opened at $13.68 on Wednesday. The business’s 50-day moving average price is $13.53 and its 200-day moving average price is $13.49. The stock has a market cap of $4.92 billion, a P/E ratio of 11.03, a PEG ratio of 9.78 and a beta of 0.99. F.N.B. has a twelve month low of $10.24 and a twelve month high of $14.39. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $406.87 million during the quarter, compared to analyst estimates of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter in the prior year, the business posted $0.40 EPS. On average, equities research analysts forecast that F.N.B. will post 1.4 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Thursday, June 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.48 annualized dividend and a dividend yield of 3.51%. F.N.B.’s payout ratio is 38.71%.

Insider Buying and Selling

In related news, Director William B. Campbell bought 2,500 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was purchased at an average cost of $13.48 per share, with a total value of $33,700.00. Following the completion of the purchase, the director now owns 149,458 shares of the company’s stock, valued at $2,014,693.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.03% of the stock is owned by corporate insiders.

Institutional Trading of F.N.B.

Institutional investors and hedge funds have recently modified their holdings of the stock. Vestor Capital LLC bought a new position in shares of F.N.B. during the fourth quarter valued at approximately $42,000. LRI Investments LLC bought a new stake in F.N.B. during the 1st quarter valued at $45,000. Hexagon Capital Partners LLC increased its holdings in shares of F.N.B. by 272.9% in the 4th quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank’s stock valued at $53,000 after acquiring an additional 2,841 shares during the period. Blue Trust Inc. raised its position in shares of F.N.B. by 56.2% in the 4th quarter. Blue Trust Inc. now owns 7,099 shares of the bank’s stock worth $98,000 after acquiring an additional 2,553 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new position in shares of F.N.B. in the 4th quarter worth $110,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.