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

F.N.B. Co. (NYSE:FNB) has been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $17.57.

Several research firms have recently weighed in on FNB. Wells Fargo & Company reduced their price objective on F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Truist Financial initiated coverage on F.N.B. in a research report on Tuesday, May 13th. They issued a “buy” rating and a $16.50 price objective for the company. DA Davidson reaffirmed a “buy” rating and issued a $19.00 target price on shares of F.N.B. in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods raised F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 target price for the company in a research report on Monday, April 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. lifted its holdings in shares of F.N.B. by 51.1% during the fourth quarter. Prudential Financial Inc. now owns 112,920 shares of the bank’s stock valued at $1,669,000 after acquiring an additional 38,180 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of F.N.B. by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock valued at $58,239,000 after acquiring an additional 51,862 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of F.N.B. by 40.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank’s stock valued at $84,000 after acquiring an additional 1,631 shares during the period. Wealthfront Advisers LLC bought a new position in shares of F.N.B. during the fourth quarter valued at $386,000. Finally, Raymond James Financial Inc. acquired a new stake in F.N.B. during the 4th quarter valued at $15,801,000. 79.25% of the stock is owned by institutional investors.

F.N.B. Stock Up 1.1%

FNB opened at $14.26 on Wednesday. F.N.B. has a 1-year low of $10.88 and a 1-year high of $17.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 3.60 and a beta of 0.91. The business has a 50 day moving average of $13.33 and a 200-day moving average of $14.42.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. The company had revenue of $411.61 million during the quarter, compared to analysts’ expectations of $409.52 million. During the same period in the prior year, the business earned $0.34 earnings per share. As a group, sell-side analysts anticipate that F.N.B. will post 1.45 earnings per share for the current year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be given a $0.12 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.48 annualized dividend and a yield of 3.37%. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

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.