F.N.B. Co. (NYSE:FNB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

F.N.B. Co. (NYSE:FNB) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $15.67.

Several equities analysts have recently weighed in on FNB shares. Stephens reissued an “overweight” rating and set a $15.00 price target on shares of F.N.B. in a report on Thursday, July 20th. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, DA Davidson raised their target price on F.N.B. from $16.00 to $17.00 in a report on Friday, July 21st.

F.N.B. Price Performance

NYSE FNB opened at $11.26 on Wednesday. The business’s fifty day moving average price is $12.01 and its 200-day moving average price is $11.79. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 7.26 and a beta of 1.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.90 and a quick ratio of 0.90. F.N.B. has a 1-year low of $10.09 and a 1-year high of $14.71.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $409.55 million for the quarter, compared to analysts’ expectations of $406.15 million. F.N.B. had a return on equity of 10.52% and a net margin of 28.28%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. On average, equities analysts predict that F.N.B. will post 1.48 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, September 1st. This represents a $0.48 dividend on an annualized basis and a yield of 4.26%. F.N.B.’s dividend payout ratio is presently 30.97%.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently bought and sold shares of FNB. JPMorgan Chase & Co. raised its holdings in F.N.B. by 27.0% during the first quarter. JPMorgan Chase & Co. now owns 1,171,990 shares of the bank’s stock valued at $14,592,000 after acquiring an additional 248,892 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of F.N.B. by 49.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 151,346 shares of the bank’s stock valued at $1,884,000 after purchasing an additional 50,271 shares in the last quarter. Private Advisor Group LLC grew its position in shares of F.N.B. by 10.7% during the first quarter. Private Advisor Group LLC now owns 15,696 shares of the bank’s stock valued at $195,000 after purchasing an additional 1,515 shares in the last quarter. Natixis Advisors L.P. grew its position in shares of F.N.B. by 37.1% during the first quarter. Natixis Advisors L.P. now owns 27,259 shares of the bank’s stock valued at $339,000 after purchasing an additional 7,373 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of F.N.B. by 3.9% during the first quarter. Bank of Montreal Can now owns 47,930 shares of the bank’s stock valued at $614,000 after purchasing an additional 1,783 shares in the last quarter. 76.94% of the stock is owned by institutional investors.

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.