F.N.B. (NYSE:FNB) Given New $21.00 Price Target at Keefe, Bruyette & Woods

F.N.B. (NYSE:FNB) had its price target hoisted by Keefe, Bruyette & Woods from $20.00 to $21.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the bank’s stock.

A number of other equities research analysts have also recently weighed in on FNB. Piper Sandler reaffirmed an “overweight” rating and set a $21.00 price target (up from $20.00) on shares of F.N.B. in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. Finally, Truist Financial lifted their price target on F.N.B. from $19.50 to $20.00 and gave the company a “buy” rating in a report on Monday. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, F.N.B. has an average rating of “Buy” and a consensus target price of $20.20.

F.N.B. Stock Performance

FNB opened at $17.82 on Monday. The business’s 50 day moving average is $17.13 and its 200-day moving average is $16.89. The stock has a market cap of $6.33 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.88 and a beta of 0.87. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. F.N.B. has a twelve month low of $12.33 and a twelve month high of $19.14.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Thursday, April 16th. The bank reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $450.26 million for the quarter, compared to analysts’ expectations of $454.06 million. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.During the same quarter in the previous year, the company posted $0.32 earnings per share. On average, analysts predict that F.N.B. will post 1.71 earnings per share for the current year.

F.N.B. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from F.N.B.’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 2.9%. F.N.B.’s dividend payout ratio is presently 29.63%.

Institutional Investors Weigh In On F.N.B.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNB. Goldman Sachs Group Inc. raised its holdings in 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 worth $20,353,000 after purchasing an additional 660,387 shares in the last quarter. SG Americas Securities LLC raised its holdings in F.N.B. by 585.2% during the first quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock worth $5,990,000 after purchasing an additional 305,961 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in F.N.B. by 454.4% during the third quarter. BNP Paribas Financial Markets now owns 220,357 shares of the bank’s stock worth $3,550,000 after purchasing an additional 180,610 shares in the last quarter. Horizon Investments LLC bought a new stake in F.N.B. during the fourth quarter worth approximately $2,182,000. Finally, Tradewinds LLC. bought a new stake in F.N.B. during the third quarter worth approximately $1,444,000. 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.