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

F.N.B. Co. (NYSE:FNB) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $15.14.

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $16.00 target price on shares of F.N.B. in a research note on Wednesday, June 26th. Stephens cut their target price on F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. Finally, Wells Fargo & Company raised their target price on F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th.

F.N.B. Stock Performance

Shares of FNB opened at $13.82 on Wednesday. The business’s fifty day moving average price is $13.54 and its 200 day moving average price is $13.49. F.N.B. has a 12-month low of $10.24 and a 12-month high of $14.39. The stock has a market capitalization of $4.97 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 9.78 and a beta of 0.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $406.87 million for the quarter, compared to analysts’ expectations 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 period last year, the business posted $0.40 earnings per share. Equities research analysts forecast that F.N.B. will post 1.4 EPS for the current year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Thursday, June 6th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Thursday, June 6th. F.N.B.’s dividend payout ratio is currently 38.71%.

Insider Activity at F.N.B.

In related news, Director William B. Campbell acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average cost of $13.48 per share, for a total transaction of $33,700.00. Following the completion of the purchase, the director now directly owns 149,458 shares in the company, valued at $2,014,693.84. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vestor Capital LLC acquired a new position in F.N.B. during the fourth quarter worth about $42,000. LRI Investments LLC acquired a new position in F.N.B. during the first quarter worth about $45,000. GAMMA Investing LLC grew its holdings in F.N.B. by 113.8% during the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock worth $45,000 after acquiring an additional 1,764 shares during the period. Hexagon Capital Partners LLC increased its stake in F.N.B. by 272.9% in the 4th quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank’s stock worth $53,000 after purchasing an additional 2,841 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in F.N.B. by 56.2% in the 4th quarter. Blue Trust Inc. now owns 7,099 shares of the bank’s stock worth $98,000 after purchasing an additional 2,553 shares in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

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.