F.N.B. Corporation (NYSE:FNB) Receives Average Recommendation of “Moderate Buy” from Brokerages

F.N.B. Corporation (NYSE:FNB) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $19.60.

FNB has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research report on Monday, December 29th. Piper Sandler reiterated an “overweight” rating and issued a $21.00 target price (up previously from $20.00) on shares of F.N.B. in a research note on Thursday, January 22nd. Truist Financial raised their price target 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. Finally, DA Davidson cut F.N.B. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th.

Insider Transactions at F.N.B.

In related news, insider Gary L. Guerrieri sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $17.67, for a total value of $265,050.00. Following the sale, the insider owned 279,883 shares in the company, valued at approximately $4,945,532.61. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James L. Dutey sold 40,000 shares of F.N.B. stock in a transaction that occurred on Tuesday, December 2nd. The stock was 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 of the company’s stock, valued at approximately $836,428. This trade represents a 44.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by insiders.

Institutional Trading of F.N.B.

Several large investors have recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in shares of F.N.B. in the fourth quarter worth approximately $34,000. EverSource Wealth Advisors LLC lifted its stake in shares of F.N.B. by 3,723.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after buying an additional 2,420 shares in the last quarter. Triumph Capital Management bought a new position in F.N.B. in the 3rd quarter worth $55,000. Parallel Advisors LLC increased its stake in F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after buying an additional 720 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in F.N.B. in the 3rd quarter worth $85,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Performance

F.N.B. stock opened at $18.07 on Monday. F.N.B. has a twelve month low of $10.88 and a twelve month high of $19.14. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $6.47 billion, a P/E ratio of 11.58, a PEG ratio of 0.81 and a beta of 0.92. The stock’s 50 day moving average is $17.64 and its 200 day moving average is $16.57.

F.N.B. (NYSE:FNB) last released 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 return on equity of 8.76% and a net margin of 20.98%.The business had revenue of $457.78 million for the quarter, compared to the consensus estimate of $457.87 million. During the same period in the previous year, the company posted $0.30 earnings per share. On average, equities research analysts predict that F.N.B. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, March 2nd. F.N.B.’s dividend payout ratio is presently 30.77%.

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.