Brokerages Set F.N.B. Co. (NYSE:FNB) PT at $18.50

Shares of F.N.B. Co. (NYSE:FNB) have received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.50.

Several equities research analysts have commented on FNB shares. Wells Fargo & Company dropped their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Piper Sandler cut their target price on shares of 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. DA Davidson lifted their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upped their price target on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Insider Buying and Selling at F.N.B.

In related news, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William B. Campbell acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the transaction, the director now directly owns 158,834 shares of the company’s stock, valued at $2,473,045.38. This 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.

A number of institutional investors have recently modified their holdings of FNB. Wellington Management Group LLP raised its holdings in shares of F.N.B. by 1.8% during the fourth quarter. Wellington Management Group LLP now owns 1,063,362 shares of the bank’s stock worth $15,716,000 after acquiring an additional 18,547 shares in the last quarter. 111 Capital acquired a new position in F.N.B. in the 4th quarter worth about $224,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of F.N.B. during the 4th quarter worth about $2,877,000. Forum Financial Management LP lifted its holdings in shares of F.N.B. by 5.9% during the 4th quarter. Forum Financial Management LP now owns 13,258 shares of the bank’s stock valued at $196,000 after buying an additional 744 shares during the last quarter. Finally, GTS Securities LLC bought a new stake in shares of F.N.B. in the 4th quarter valued at approximately $237,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Performance

FNB opened at $13.41 on Friday. F.N.B. has a 1-year low of $12.49 and a 1-year high of $17.70. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 3.60 and a beta of 0.98. The business has a 50 day moving average price of $14.70 and a two-hundred day moving average price of $14.96. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Monday, March 3rd. F.N.B.’s dividend payout ratio is 38.10%.

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.