F.N.B. Corporation (NYSE:FNB) Receives $18.64 Average Price Target from Analysts

Shares of F.N.B. Corporation (NYSE:FNB) have been assigned an average rating of “Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $18.6429.

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $18.50 target price (up from $16.50) on shares of F.N.B. in a report on Monday, July 21st. Wells Fargo & Company lifted their price target on shares of F.N.B. from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Wall Street Zen raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Truist Financial lifted their price target on shares of F.N.B. from $17.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, DA Davidson lifted their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, July 21st.

F.N.B. Stock Performance

F.N.B. stock opened at $16.31 on Friday. The company’s 50-day moving average price is $15.94 and its 200-day moving average price is $14.48. F.N.B. has a twelve month low of $10.88 and a twelve month high of $17.70. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.41. The company has a market cap of $5.86 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97.

F.N.B. (NYSE:FNB) last posted its earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. The firm had revenue of $438.21 million for the quarter, compared to the consensus estimate of $424.39 million. During the same period in the previous year, the firm posted $0.34 EPS. On average, equities research analysts forecast that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.9%. F.N.B.’s payout ratio is currently 37.50%.

Hedge Funds Weigh In On F.N.B.

A number of large investors have recently made changes to their positions in FNB. Rhino Investment Partners Inc purchased a new stake in F.N.B. in the 1st quarter valued at about $19,990,000. Goldman Sachs Group Inc. boosted its position in F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after buying an additional 660,387 shares during the period. Victory Capital Management Inc. boosted its position in F.N.B. by 485.4% in the 1st quarter. Victory Capital Management Inc. now owns 748,816 shares of the bank’s stock valued at $10,072,000 after buying an additional 620,891 shares during the period. AQR Capital Management LLC boosted its position in F.N.B. by 36.4% in the 1st quarter. AQR Capital Management LLC now owns 1,896,488 shares of the bank’s stock valued at $25,204,000 after buying an additional 505,780 shares during the period. Finally, Hsbc Holdings PLC boosted its position in F.N.B. by 175.9% in the 1st quarter. Hsbc Holdings PLC now owns 740,798 shares of the bank’s stock valued at $9,935,000 after buying an additional 472,300 shares during the period. 79.25% of the stock is owned by hedge funds and other 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.