F.N.B. (NYSE:FNB) Price Target Raised to $19.00 at Wells Fargo & Company

F.N.B. (NYSE:FNB) had its target price raised by Wells Fargo & Company from $16.00 to $19.00 in a research report report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the bank’s stock.

Other research analysts have also issued reports about the stock. Raymond James boosted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Stephens boosted 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. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, F.N.B. presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.33.

F.N.B. Stock Down 0.9 %

Shares of F.N.B. stock opened at $16.70 on Tuesday. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 15.32 and a beta of 0.99. F.N.B. has a twelve month low of $12.28 and a twelve month high of $17.70. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The business’s 50 day simple moving average is $15.15 and its 200-day simple moving average is $14.40.

F.N.B. (NYSE:FNB) last issued its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share 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 company had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. Equities research analysts forecast that F.N.B. will post 1.34 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Monday, December 2nd. F.N.B.’s dividend payout ratio (DPR) is presently 44.04%.

Institutional Trading of F.N.B.

Several institutional investors have recently modified their holdings of the company. World Investment Advisors LLC acquired a new position in F.N.B. during the third quarter worth about $405,000. TD Private Client Wealth LLC grew its stake in shares of F.N.B. by 27.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,332 shares of the bank’s stock worth $89,000 after purchasing an additional 1,383 shares during the last quarter. Barclays PLC raised its holdings in shares of F.N.B. by 4.6% in the 3rd quarter. Barclays PLC now owns 449,839 shares of the bank’s stock worth $6,348,000 after purchasing an additional 19,589 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in F.N.B. by 2.5% during the third quarter. Public Employees Retirement System of Ohio now owns 145,059 shares of the bank’s stock valued at $2,047,000 after purchasing an additional 3,526 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in F.N.B. by 31.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds 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.