Brokerages Set F.N.B. Co. (NYSE:FNB) Target Price at $16.83

Shares of F.N.B. Co. (NYSE:FNB) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $16.83.

FNB has been the subject of several research analyst reports. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Stephens increased their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Raymond James lifted their price objective on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st.

F.N.B. Trading Up 0.8 %

Shares of F.N.B. stock opened at $17.29 on Friday. F.N.B. has a 1 year low of $11.55 and a 1 year high of $17.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market cap of $6.22 billion, a PE ratio of 15.86 and a beta of 0.95. The firm has a fifty day moving average price of $14.87 and a 200 day moving average price of $14.29.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The firm had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. Equities research analysts predict that F.N.B. will post 1.34 earnings per share for the current year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.78%. F.N.B.’s payout ratio is currently 44.04%.

Institutional Investors Weigh In On F.N.B.

Several institutional investors and hedge funds have recently bought and sold shares of FNB. Kathleen S. Wright Associates Inc. acquired a new position in shares of F.N.B. in the 3rd quarter worth approximately $28,000. Brooklyn Investment Group purchased a new stake in shares of F.N.B. during the third quarter worth $31,000. Richardson Financial Services Inc. grew its stake in F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,473 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of F.N.B. during the 1st quarter valued at about $45,000. Finally, GAMMA Investing LLC grew its stake in shares of F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after buying an additional 1,764 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

About F.N.B.

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.