Analysts Set F.N.B. Corporation (NYSE:FNB) Price Target at $19.60

Shares of F.N.B. Corporation (NYSE:FNB) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $19.60.

A number of research firms recently commented on FNB. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. Piper Sandler reissued an “overweight” rating and issued a $21.00 price target (up from $20.00) on shares of F.N.B. in a report on Thursday, January 22nd. Finally, Truist Financial boosted their price objective on shares of F.N.B. from $19.00 to $19.50 and gave the company a “buy” rating in a research report on Thursday, January 22nd.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $15.85 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.90. The business’s 50 day simple moving average is $17.54 and its two-hundred day simple moving average is $16.79. The stock has a market capitalization of $5.66 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90. F.N.B. has a one year low of $10.88 and a one year high of $19.14.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. F.N.B. had a return on equity of 8.76% and a net margin of 20.98%.The firm had revenue of $457.78 million during the quarter, compared to analyst estimates of $457.87 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Analysts forecast that F.N.B. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.0%. F.N.B.’s dividend payout ratio (DPR) is presently 30.77%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FNB. Goldman Sachs Group Inc. lifted its holdings 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 worth $20,353,000 after buying an additional 660,387 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of F.N.B. by 454.4% during the third quarter. BNP Paribas Financial Markets now owns 220,357 shares of the bank’s stock valued at $3,550,000 after acquiring an additional 180,610 shares in the last quarter. Horizon Investments LLC bought a new position in shares of F.N.B. during the fourth quarter valued at approximately $2,182,000. Tradewinds LLC. purchased a new stake in F.N.B. in the third quarter worth $1,444,000. Finally, Pacer Advisors Inc. purchased a new stake in F.N.B. in the third quarter worth $1,097,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Company Profile

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.