F.N.B. Co. (NYSE:FNB) Given Average Rating of “Moderate Buy” by Brokerages

Shares of F.N.B. Co. (NYSE:FNB) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $15.29.

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of F.N.B. in a research note on Wednesday, June 26th. Piper Sandler raised their price objective on shares of F.N.B. from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Wells Fargo & Company raised their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Stephens reaffirmed an “overweight” rating and issued a $16.00 price objective on shares of F.N.B. in a research note on Thursday, July 18th. Finally, StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, May 27th.

F.N.B. Trading Up 1.5 %

Shares of NYSE:FNB opened at $15.55 on Friday. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 10.92 and a beta of 0.99. F.N.B. has a 1-year low of $10.24 and a 1-year high of $15.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.92. The company has a 50 day moving average price of $13.76 and a 200 day moving average price of $13.59.

F.N.B. (NYSE:FNB) last issued its earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). F.N.B. had a return on equity of 9.04% and a net margin of 18.27%. The business had revenue of $403.81 million for the quarter, compared to the consensus estimate of $408.14 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, research analysts anticipate that F.N.B. will post 1.4 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Shareholders 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 3.09%. The ex-dividend date was Thursday, June 6th. F.N.B.’s dividend payout ratio (DPR) is currently 38.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FNB. Norges Bank bought a new position in shares of F.N.B. during the 4th quarter valued at $49,533,000. Public Employees Retirement Association of Colorado raised its holdings in shares of F.N.B. by 706.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,208,076 shares of the bank’s stock valued at $16,635,000 after purchasing an additional 1,058,293 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of F.N.B. by 17.2% during the 4th quarter. Principal Financial Group Inc. now owns 4,921,251 shares of the bank’s stock valued at $67,766,000 after purchasing an additional 723,755 shares in the last quarter. Trust Co of the South bought a new position in shares of F.N.B. during the 4th quarter valued at $4,720,000. Finally, Rafferty Asset Management LLC raised its holdings in shares of F.N.B. by 61.3% during the 4th quarter. Rafferty Asset Management LLC now owns 535,520 shares of the bank’s stock valued at $7,374,000 after purchasing an additional 203,429 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.