Keefe, Bruyette & Woods Reaffirms “Market Perform” Rating for F.N.B. (NYSE:FNB)

Keefe, Bruyette & Woods reiterated their market perform rating on shares of F.N.B. (NYSE:FNB) in a research note issued to investors on Wednesday, Marketbeat reports. The firm currently has a $16.00 price target on the bank’s stock.

A number of other equities analysts also recently issued reports on the company. Stephens decreased their price objective on F.N.B. from $16.00 to $15.00 and set an overweight rating for the company in a report on Friday, April 19th. Wells Fargo & Company increased their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. Finally, StockNews.com raised F.N.B. from a sell rating to a hold rating in a research note on Monday, May 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $15.14.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $13.68 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The company has a market cap of $4.92 billion, a PE ratio of 11.03, a P/E/G ratio of 9.36 and a beta of 0.99. The business has a 50 day moving average of $13.53 and a 200 day moving average of $13.49. F.N.B. has a 52 week low of $10.24 and a 52 week high of $14.39.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $406.87 million during the quarter, compared to the consensus estimate of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter in the prior year, the company earned $0.40 earnings per share. As a group, equities research analysts forecast that F.N.B. will post 1.4 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Thursday, June 6th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.48 annualized dividend and a dividend yield of 3.51%. F.N.B.’s dividend payout ratio (DPR) is presently 38.71%.

Insider Activity at F.N.B.

In other F.N.B. news, Director William B. Campbell acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average cost of $13.48 per share, with a total value of $33,700.00. Following the completion of the transaction, the director now directly owns 149,458 shares of the company’s stock, valued at approximately $2,014,693.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On F.N.B.

Several institutional investors have recently modified their holdings of FNB. Vanguard Group Inc. boosted its position in F.N.B. by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock worth $541,806,000 after purchasing an additional 156,120 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in F.N.B. by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,292,019 shares of the bank’s stock worth $293,193,000 after purchasing an additional 136,104 shares during the last quarter. American Century Companies Inc. boosted its position in F.N.B. by 5.9% in the third quarter. American Century Companies Inc. now owns 12,474,225 shares of the bank’s stock worth $134,597,000 after purchasing an additional 694,059 shares during the last quarter. Principal Financial Group Inc. boosted its position in F.N.B. by 1.0% in the first quarter. Principal Financial Group Inc. now owns 4,969,587 shares of the bank’s stock worth $70,071,000 after purchasing an additional 48,336 shares during the last quarter. Finally, Norges Bank purchased a new position in F.N.B. in the fourth quarter worth about $49,533,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

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.