F.N.B. (NYSE:FNB) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of F.N.B. (NYSE:FNB) from a sell rating to a hold rating in a report released on Monday morning.

A number of other equities analysts have also recently issued reports on FNB. Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.00 target price on shares of F.N.B. in a report on Wednesday, June 26th. Stephens lifted their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and an average target price of $16.33.

F.N.B. Stock Performance

FNB stock opened at $14.48 on Monday. F.N.B. has a twelve month low of $10.24 and a twelve month high of $15.65. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market cap of $5.21 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 10.01 and a beta of 0.96. The business’s fifty day moving average is $14.20 and its 200-day moving average is $13.91.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 3.31%. F.N.B.’s dividend payout ratio is presently 38.71%.

Institutional Trading of F.N.B.

Several hedge funds have recently bought and sold shares of FNB. Kathleen S. Wright Associates Inc. acquired a new position in shares of F.N.B. in the third quarter valued at approximately $28,000. LRI Investments LLC acquired a new position in F.N.B. in the 1st quarter worth $45,000. GAMMA Investing LLC increased its holdings in F.N.B. by 113.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock worth $45,000 after purchasing an additional 1,764 shares in the last quarter. UMB Bank n.a. raised its stake in shares of F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,665 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of F.N.B. by 16.7% in the third quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock valued at $79,000 after purchasing an additional 799 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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.