F.N.B. (NYSE:FNB) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of F.N.B. (NYSE:FNB) from a sell rating to a hold rating in a research note released on Monday morning.

Several other equities analysts also recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $16.00 price objective on shares of F.N.B. in a research note on Wednesday, June 26th. Piper Sandler upped their price objective on shares of F.N.B. from $15.00 to $17.00 and gave the company an overweight rating in a research note on Friday, July 19th. Finally, Stephens reaffirmed an overweight rating and set a $16.00 price objective on shares of F.N.B. in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, F.N.B. currently has a consensus rating of Moderate Buy and an average price target of $15.29.

F.N.B. Stock Performance

Shares of NYSE:FNB opened at $14.16 on Monday. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96. The company has a 50-day moving average price of $14.39 and a 200-day moving average price of $13.82. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. F.N.B. has a 12 month low of $10.24 and a 12 month high of $15.65.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $403.81 million for the quarter, compared to the consensus estimate of $408.14 million. F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $0.39 earnings per share. As a group, equities analysts anticipate that F.N.B. will post 1.38 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Thursday, September 5th. F.N.B.’s dividend payout ratio is 38.71%.

Hedge Funds Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of F.N.B. by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock valued at $541,806,000 after purchasing an additional 156,120 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of F.N.B. by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after purchasing an additional 647,335 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of F.N.B. by 1.0% during the first quarter. Principal Financial Group Inc. now owns 4,969,587 shares of the bank’s stock valued at $70,071,000 after purchasing an additional 48,336 shares in the last quarter. Norges Bank bought a new position in shares of F.N.B. during the fourth quarter valued at approximately $49,533,000. Finally, AQR Capital Management LLC increased its stake in shares of F.N.B. by 181.6% during the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after purchasing an additional 1,964,884 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

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.