F.N.B. (NYSE:FNB) Downgraded by StockNews.com

StockNews.com lowered shares of F.N.B. (NYSE:FNB) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

FNB has been the topic of several other research reports. Keefe, Bruyette & Woods reiterated a market perform rating and set a $16.00 price target on shares of F.N.B. in a research note on Wednesday, June 26th. Piper Sandler increased their price target on shares of F.N.B. from $15.00 to $17.00 and gave the stock an overweight rating in a report on Friday, July 19th. Finally, Stephens restated an overweight rating and set a $16.00 price objective on shares of F.N.B. in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $16.00.

F.N.B. Price Performance

Shares of NYSE FNB opened at $14.31 on Tuesday. F.N.B. has a fifty-two week low of $10.24 and a fifty-two week high of $15.65. The company has a market cap of $5.15 billion, a PE ratio of 12.03, a P/E/G ratio of 10.01 and a beta of 0.96. 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 business has a 50-day simple moving average of $14.07 and a two-hundred day simple moving average of $13.87.

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

F.N.B. Dividend Announcement

The business also recently disclosed 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 yield of 3.35%. The ex-dividend date of this dividend was Thursday, September 5th. F.N.B.’s dividend payout ratio (DPR) is currently 40.34%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FNB. Vista Investment Management boosted its stake in shares of F.N.B. by 4.4% in the fourth quarter. Vista Investment Management now owns 29,255 shares of the bank’s stock valued at $403,000 after purchasing an additional 1,224 shares during the period. Gibson Capital LLC acquired a new position in shares of F.N.B. during the 4th quarter worth about $251,000. Bridgefront Capital LLC increased its holdings in shares of F.N.B. by 25.0% in the 4th quarter. Bridgefront Capital LLC now owns 31,269 shares of the bank’s stock valued at $431,000 after acquiring an additional 6,250 shares during the last quarter. Vanguard Group Inc. raised its position in shares of F.N.B. by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock worth $541,806,000 after acquiring an additional 156,120 shares in the last quarter. Finally, Hart & Patterson Financial Group LLC purchased a new stake in F.N.B. during the fourth quarter worth approximately $140,000. 79.25% of the stock is currently 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.