F.N.B. Co. (NYSE:FNB) Given Consensus Rating of “Moderate Buy” by Analysts

F.N.B. Co. (NYSE:FNB) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $17.67.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Raymond James increased their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Stephens increased their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods boosted their target price on 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.

Insider Transactions at F.N.B.

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC boosted its position in F.N.B. by 0.4% during the third quarter. CWM LLC now owns 379,995 shares of the bank’s stock valued at $5,362,000 after buying an additional 1,527 shares during the period. Jane Street Group LLC lifted its stake in shares of F.N.B. by 780.7% in the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after acquiring an additional 316,515 shares during the last quarter. Petiole USA ltd boosted its holdings in F.N.B. by 48.1% during the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after acquiring an additional 57,000 shares during the period. GSA Capital Partners LLP bought a new position in F.N.B. during the 3rd quarter worth approximately $447,000. Finally, AQR Capital Management LLC increased its stake in F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after purchasing an additional 1,964,884 shares during the period. Institutional investors own 79.25% of the company’s stock.

F.N.B. Trading Up 0.7 %

NYSE:FNB opened at $14.50 on Wednesday. F.N.B. has a 1 year low of $12.49 and a 1 year high of $17.70. The stock’s fifty day moving average price is $15.72 and its two-hundred day moving average price is $14.60. 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 cap of $5.21 billion, a P/E ratio of 13.30 and a beta of 0.99.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $413.02 million for the quarter, compared to analysts’ expectations of $409.80 million. As a group, analysts expect that F.N.B. will post 1.34 EPS for the current year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.31%. F.N.B.’s payout ratio is 44.04%.

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.