Brokerages Set F.N.B. Corporation (NYSE:FNB) PT at $19.10

F.N.B. Corporation (NYSE:FNB) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $19.60.

A number of research firms recently commented on FNB. Truist Financial boosted their price objective on shares of F.N.B. from $19.00 to $19.50 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $21.00 price target (up from $20.00) on shares of F.N.B. in a research report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. Finally, DA Davidson cut F.N.B. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th.

F.N.B. Trading Down 4.9%

Shares of FNB stock opened at $17.11 on Thursday. The business’s fifty day moving average price is $17.11 and its 200 day moving average price is $16.32. The firm has a market capitalization of $6.13 billion, a PE ratio of 10.97, a P/E/G ratio of 0.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92. F.N.B. has a 1-year low of $10.88 and a 1-year high of $18.30.

F.N.B. (NYSE:FNB) last issued its earnings results on Tuesday, January 20th. The bank reported $0.50 EPS for the quarter, topping the consensus estimate of $0.41 by $0.09. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. The company had revenue of $457.78 million for the quarter, compared to analyst estimates of $457.87 million. During the same period in the previous year, the firm earned $0.30 EPS. As a group, sell-side analysts forecast that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.12 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.48 annualized dividend and a dividend yield of 2.8%. F.N.B.’s payout ratio is currently 30.77%.

Insider Transactions at F.N.B.

In other F.N.B. news, insider Gary L. Guerrieri sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $17.67, for a total transaction of $265,050.00. Following the completion of the transaction, the insider directly owned 279,883 shares in the company, valued at approximately $4,945,532.61. This trade represents a 5.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James L. Dutey sold 40,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total transaction of $670,000.00. Following the completion of the sale, the insider directly owned 49,936 shares in the company, valued at $836,428. This trade represents a 44.48% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of F.N.B. by 77.4% during the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in F.N.B. by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock valued at $14,112,000 after acquiring an additional 58,672 shares during the last quarter. Congress Asset Management Co. raised its holdings in F.N.B. by 2.6% in the 4th quarter. Congress Asset Management Co. now owns 466,393 shares of the bank’s stock valued at $7,975,000 after acquiring an additional 11,841 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of F.N.B. by 11.6% during the 1st quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock worth $3,692,000 after purchasing an additional 28,570 shares during the period. Finally, Stanley Laman Group Ltd. boosted its holdings in shares of F.N.B. by 1.5% during the fourth quarter. Stanley Laman Group Ltd. now owns 238,818 shares of the bank’s stock worth $4,084,000 after purchasing an additional 3,589 shares during the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

About F.N.B.

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.