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

F.N.B. Co. (NYSE:FNB) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $16.83.

A number of research firms have recently commented on FNB. Raymond James raised their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Stephens upped their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. acquired a new position in F.N.B. in the third quarter worth $28,000. Brooklyn Investment Group acquired a new position in F.N.B. during the 3rd quarter worth about $31,000. Richardson Financial Services Inc. grew its holdings in F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares during the last quarter. GAMMA Investing LLC increased its position in F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after acquiring an additional 1,764 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of F.N.B. in the first quarter worth about $45,000. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Trading Up 2.3 %

Shares of FNB opened at $17.15 on Friday. The stock’s 50-day moving average price is $14.81 and its 200 day moving average price is $14.27. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. F.N.B. has a 12-month low of $11.55 and a 12-month high of $17.19. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 15.73 and a beta of 0.95.

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

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s payout ratio is currently 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.