F.N.B. Co. (NYSE:FNB) Receives $16.83 Consensus Target Price from Brokerages

Shares of F.N.B. Co. (NYSE:FNB) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.83.

A number of equities analysts have weighed in on FNB shares. Stephens boosted their target price 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, October 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Raymond James increased their price target on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st.

F.N.B. Stock Up 0.8 %

FNB opened at $17.29 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The company has a market capitalization of $6.22 billion, a P/E ratio of 15.86 and a beta of 0.95. F.N.B. has a fifty-two week low of $11.55 and a fifty-two week high of $17.70. The firm’s fifty day moving average price is $14.87 and its two-hundred day moving average price is $14.29.

F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The business had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. On average, analysts anticipate that F.N.B. will post 1.34 EPS for the current year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 2.78%. F.N.B.’s dividend payout ratio is 44.04%.

Institutional Investors Weigh In On F.N.B.

Hedge funds have recently made changes to their positions in the stock. Diversified Trust Co raised its position in shares of F.N.B. by 4.9% during the second quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock worth $231,000 after acquiring an additional 789 shares during the last quarter. Signaturefd LLC lifted its stake in shares of F.N.B. by 16.7% in the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock valued at $79,000 after purchasing an additional 799 shares during the period. Miller Howard Investments Inc. NY boosted its position in shares of F.N.B. by 2.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank’s stock valued at $480,000 after purchasing an additional 836 shares in the last quarter. Hancock Whitney Corp increased its holdings in F.N.B. by 0.8% in the third quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock worth $1,721,000 after purchasing an additional 947 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of F.N.B. by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock worth $653,000 after buying an additional 1,040 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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.