F.N.B. Co. (NYSE:FNB) Receives $18.50 Consensus Price Target from Analysts

Shares of F.N.B. Co. (NYSE:FNB - Get Free Report) have received a consensus rating of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat 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 analysts that have issued ratings on the stock in the last year is $18.50.

Several research analysts have recently commented on FNB shares. StockNews.com upgraded F.N.B. from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. Stephens increased their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Wells Fargo & Company decreased their price target on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Piper Sandler dropped their price objective on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Finally, DA Davidson lifted their target price 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.

Insider Buying and Selling at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William B. Campbell acquired 3,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following the acquisition, the director now directly 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 ownership of the stock. The disclosure for this purchase can be found here. 1.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in F.N.B. by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank's stock valued at $653,000 after purchasing an additional 1,040 shares in the last quarter. Creative Planning lifted its holdings in shares of F.N.B. by 2.7% in the second quarter. Creative Planning now owns 58,974 shares of the bank's stock valued at $807,000 after buying an additional 1,570 shares during the period. Sanctuary Advisors LLC bought a new position in F.N.B. during the second quarter valued at about $553,000. Handelsbanken Fonder AB grew its holdings in F.N.B. by 23.2% during the third quarter. Handelsbanken Fonder AB now owns 94,631 shares of the bank's stock worth $1,335,000 after acquiring an additional 17,800 shares during the period. Finally, GAMMA Investing LLC raised its position in F.N.B. by 60.0% in the third quarter. GAMMA Investing LLC now owns 5,302 shares of the bank's stock worth $75,000 after acquiring an additional 1,988 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company's stock.

F.N.B. Stock Down 1.4 %

NYSE:FNB traded down $0.23 during mid-day trading on Thursday, reaching $15.72. The stock had a trading volume of 2,418,189 shares, compared to its average volume of 2,799,213. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 3.80 and a beta of 1.01. F.N.B. has a 1-year low of $12.49 and a 1-year high of $17.70. The stock's 50 day simple moving average is $15.41 and its two-hundred day simple moving average is $14.98.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.05%. The ex-dividend date is Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is 38.10%.

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.