Brokerages Set F.N.B. Co. (NYSE:FNB) Target Price at $18.00

Shares of F.N.B. Co. (NYSE:FNB) have been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $18.00.

A number of analysts have recently commented on the company. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Stephens boosted their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Raymond James raised their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st.

F.N.B. Stock Up 1.8 %

F.N.B. stock opened at $15.61 on Friday. The company has a 50 day moving average of $15.76 and a 200-day moving average of $14.84. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. F.N.B. has a twelve month low of $12.49 and a twelve month high of $17.70. The stock has a market capitalization of $5.61 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 4.41 and a beta of 1.01.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $413.02 million during the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. On average, equities research analysts anticipate that F.N.B. will post 1.34 EPS for the current fiscal year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.’s payout ratio is presently 44.04%.

Insider Activity at F.N.B.

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the sale, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On F.N.B.

A number of institutional investors have recently bought and sold shares of FNB. CWM LLC increased its holdings in shares of F.N.B. by 0.4% during the 3rd quarter. CWM LLC now owns 379,995 shares of the bank’s stock worth $5,362,000 after acquiring an additional 1,527 shares during the last quarter. Jane Street Group LLC boosted its position in F.N.B. by 780.7% during the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after purchasing an additional 316,515 shares during the period. Oak Thistle LLC increased its holdings in shares of F.N.B. by 117.7% in the fourth quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock valued at $1,415,000 after purchasing an additional 51,763 shares during the last quarter. Stifel Financial Corp raised its position in shares of F.N.B. by 6.6% in the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock valued at $405,000 after purchasing an additional 1,768 shares during the period. Finally, Petiole USA ltd lifted its stake in shares of F.N.B. by 48.1% during the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock worth $2,475,000 after buying an additional 57,000 shares during the last quarter. Institutional investors and hedge funds 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.