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

F.N.B. Co. (NYSE:FNB) has earned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.00.

FNB has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their target price 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. Wells Fargo & Company lowered their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Stephens upped their price target on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th.

F.N.B. Trading Down 2.7 %

Shares of NYSE:FNB opened at $14.28 on Friday. F.N.B. has a 12-month low of $12.49 and a 12-month high of $17.70. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $5.13 billion, a P/E ratio of 13.10 and a beta of 1.01. The firm has a fifty day moving average of $15.79 and a two-hundred day moving average of $14.78.

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). The firm had revenue of $413.02 million during the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. On average, equities analysts expect that F.N.B. will post 1.34 EPS for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.’s dividend payout ratio is currently 44.04%.

Insider Activity

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,652,229 shares in the company, valued at $27,261,778.50. This represents a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FNB. Kathleen S. Wright Associates Inc. acquired a new position in F.N.B. in the 3rd quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new position in shares of F.N.B. in the third quarter valued at $31,000. Richardson Financial Services Inc. raised its stake in shares of F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,473 shares in the last quarter. UMB Bank n.a. lifted its position in F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after purchasing an additional 1,665 shares during the period. Finally, Versant Capital Management Inc boosted its stake in F.N.B. by 100.9% during the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after buying an additional 2,014 shares in the last quarter. 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.