F.N.B. (NYSE:FNB) Price Target Raised to $20.00 at Truist Financial

F.N.B. (NYSE:FNB) had its price objective lifted by Truist Financial from $19.50 to $20.00 in a research report report published on Monday morning, Marketbeat reports. Truist Financial currently has a buy rating on the bank’s stock.

Other analysts also recently issued reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. Piper Sandler reiterated 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. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $20.20.

F.N.B. Trading Down 0.7%

Shares of FNB opened at $17.82 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $6.33 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 0.88 and a beta of 0.87. The stock’s fifty day simple moving average is $17.13 and its 200 day simple moving average is $16.89. 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 issued its earnings results on Thursday, April 16th. The bank reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $450.26 million for the quarter, compared to analyst estimates 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 period last year, the company posted $0.32 EPS. On average, equities research analysts forecast that F.N.B. will post 1.71 earnings per share for the current year.

F.N.B. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.13 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.52 annualized dividend and a yield of 2.9%. This is an increase from F.N.B.’s previous quarterly dividend of $0.12. F.N.B.’s payout ratio is currently 29.63%.

Institutional Trading of F.N.B.

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of F.N.B. by 4.3% during the fourth quarter. GAMMA Investing LLC now owns 15,745 shares of the bank’s stock valued at $269,000 after acquiring an additional 649 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of F.N.B. by 18.9% during the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after acquiring an additional 720 shares in the last quarter. Quent Capital LLC grew its stake in shares of F.N.B. by 6.6% during the fourth quarter. Quent Capital LLC now owns 11,823 shares of the bank’s stock valued at $202,000 after acquiring an additional 734 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of F.N.B. by 61.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock valued at $62,000 after acquiring an additional 1,369 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of F.N.B. by 1.8% during the second quarter. Captrust Financial Advisors now owns 87,304 shares of the bank’s stock valued at $1,273,000 after acquiring an additional 1,514 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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.