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

Shares of F.N.B. Co. (NYSE:FNB) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.50.

A number of research firms have issued reports on FNB. DA Davidson increased their price target on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company reduced their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods increased their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler reduced their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd.

F.N.B. Stock Down 0.9 %

Shares of F.N.B. stock opened at $13.74 on Friday. The stock’s 50-day moving average is $14.74 and its 200 day moving average is $14.95. F.N.B. has a one year low of $12.49 and a one year high of $17.70. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 3.60 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.49%. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

Insiders Place Their Bets

In other news, Director William B. Campbell acquired 3,000 shares of F.N.B. stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $15.57 per share, with a total value of $46,710.00. Following the transaction, the director now owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of the transaction, the director now owns 65,344 shares in the company, valued at $1,013,485.44. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

Institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC grew its position in shares of F.N.B. by 4.0% during the 3rd quarter. Natixis Advisors LLC now owns 66,705 shares of the bank’s stock valued at $941,000 after acquiring an additional 2,591 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in F.N.B. in the third quarter valued at approximately $166,000. Charles Schwab Investment Management Inc. lifted its stake in F.N.B. by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock valued at $54,868,000 after purchasing an additional 218,511 shares during the last quarter. Cerity Partners LLC grew its holdings in F.N.B. by 120.3% during the third quarter. Cerity Partners LLC now owns 56,632 shares of the bank’s stock valued at $799,000 after purchasing an additional 30,920 shares during the period. Finally, Fisher Asset Management LLC increased its position in F.N.B. by 67.8% in the third quarter. Fisher Asset Management LLC now owns 97,581 shares of the bank’s stock worth $1,377,000 after buying an additional 39,436 shares during 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.