F.N.B. Co. (NYSE:FNB) Receives Average Rating of “Buy” from Brokerages

Shares of F.N.B. Co. (NYSE:FNBGet Rating) have earned an average rating of “Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.75.

FNB has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of F.N.B. from $15.50 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, March 21st. StockNews.com initiated coverage on shares of F.N.B. in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research downgraded shares of F.N.B. from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a research note on Monday, March 14th. Finally, Raymond James upped their target price on shares of F.N.B. from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Monday, January 24th.

A number of institutional investors have recently modified their holdings of the stock. Bar Harbor Trust Services lifted its position in F.N.B. by 71.9% during the first quarter. Bar Harbor Trust Services now owns 26,528 shares of the bank’s stock valued at $330,000 after purchasing an additional 11,095 shares during the period. State of Alaska Department of Revenue increased its holdings in F.N.B. by 5.0% during the first quarter. State of Alaska Department of Revenue now owns 48,465 shares of the bank’s stock valued at $603,000 after buying an additional 2,305 shares during the last quarter. Norges Bank purchased a new stake in F.N.B. during the fourth quarter valued at approximately $38,129,000. Bill Few Associates Inc. purchased a new stake in F.N.B. during the fourth quarter valued at approximately $1,044,000. Finally, Quent Capital LLC purchased a new stake in F.N.B. during the fourth quarter valued at approximately $87,000. Institutional investors own 77.83% of the company’s stock.

NYSE:FNB opened at $12.11 on Friday. F.N.B. has a one year low of $10.51 and a one year high of $14.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50-day simple moving average is $12.91 and its 200 day simple moving average is $12.58. The firm has a market capitalization of $4.25 billion, a P/E ratio of 9.85 and a beta of 1.14.

F.N.B. (NYSE:FNBGet Rating) last posted its quarterly earnings data on Wednesday, January 19th. The bank reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. F.N.B. had a net margin of 30.30% and a return on equity of 8.23%. The business had revenue of $302.30 million for the quarter, compared to analyst estimates of $297.70 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. F.N.B.’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts expect that F.N.B. will post 1.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Friday, March 4th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.96%. F.N.B.’s dividend payout ratio is presently 39.02%.

F.N.B. Company Profile (Get Rating)

F.N.B. Corp. is a financial holding company. It engages in the provision of financial services to consumers, corporations, governments, and small to medium-sized businesses. The firm operates through the following segments: Community Banking, Wealth Management, Insurance, and Other. The Community Banking segment includes commercial and consumer banking services.

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