Analysts Set F.N.B. Co. (NYSE:FNB) Price Target at $18.50

F.N.B. Co. (NYSE:FNB) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $18.50.

A number of equities analysts have recently weighed in on the company. Raymond James upped their price objective on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods upped their price objective on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company dropped their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Piper Sandler dropped their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, DA Davidson increased their price target on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd.

F.N.B. Stock Performance

Shares of FNB opened at $13.93 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $15.16 and a two-hundred day simple moving average of $15.07. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 3.60 and a beta of 1.01. F.N.B. has a 52 week low of $12.49 and a 52 week high of $17.70.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.45%. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Insider Buying and Selling at F.N.B.

In other news, Director David L. Motley sold 15,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William B. Campbell purchased 3,000 shares of F.N.B. stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the acquisition, the director now owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

Several hedge funds and other institutional investors have recently modified their holdings of FNB. PL Capital Advisors LLC purchased a new stake in shares of F.N.B. in the fourth quarter worth approximately $308,616,000. Norges Bank purchased a new stake in shares of F.N.B. in the fourth quarter worth approximately $50,205,000. First Trust Advisors LP increased its holdings in F.N.B. by 76.8% during the 4th quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank’s stock worth $77,349,000 after purchasing an additional 2,273,736 shares during the period. Raymond James Financial Inc. purchased a new position in F.N.B. during the 4th quarter worth $15,801,000. Finally, Point72 Asset Management L.P. purchased a new position in F.N.B. during the 3rd quarter worth $14,190,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Company Profile

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.