F.N.B. Co. (NYSE:FNB) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of F.N.B. Co. (NYSE:FNB) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $18.50.

FNB has been the subject of a number of analyst reports. Piper Sandler decreased their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson upped their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Raymond James upped their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st.

F.N.B. Trading Down 0.2 %

NYSE FNB opened at $13.75 on Monday. The company has a market capitalization of $4.94 billion, a PE ratio of 10.91, a P/E/G ratio of 3.60 and a beta of 1.01. The company has a fifty day moving average of $15.11 and a 200 day moving average of $15.05. F.N.B. has a 1 year low of $12.49 and a 1 year high of $17.70. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.49%. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Insider Buying and Selling

In related news, Director David L. Motley sold 15,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the transaction, the director now owns 65,344 shares in the company, valued at $1,013,485.44. This represents a 18.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William B. Campbell purchased 3,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of $15.57 per share, with a total value of $46,710.00. Following the transaction, the director now owns 158,834 shares in the company, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.03% of the company’s stock.

Institutional Trading of F.N.B.

Several large investors have recently bought and sold shares of FNB. AlphaQuest LLC grew its stake in F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,759 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of F.N.B. in the 3rd quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in shares of F.N.B. in the 4th quarter valued at approximately $39,000. Versant Capital Management Inc grew its stake in shares of F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after buying an additional 2,014 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of F.N.B. by 31.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

About F.N.B.

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.