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

Shares of F.N.B. Co. (NYSE:FNB - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are 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 12 month target price among brokerages that have updated their coverage on the stock in the last year is $18.50.

A number of research analysts have issued reports on FNB shares. 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 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 Thursday, January 23rd. Raymond James raised their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, DA Davidson raised their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd.

F.N.B. Stock Performance

Shares of NYSE FNB traded down $0.28 during midday trading on Monday, reaching $13.68. The company had a trading volume of 926,872 shares, compared to its average volume of 2,201,223. The business's 50-day simple moving average is $15.16 and its 200 day simple moving average is $15.07. The stock has a market cap of $4.92 billion, a P/E ratio of 10.88, a P/E/G ratio of 3.60 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 company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.

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F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a $0.12 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.51%. F.N.B.'s payout ratio is 38.10%.

Insider Buying and Selling at F.N.B.

In related news, Director William B. Campbell bought 3,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average price 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 in the company, valued at $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction dated 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 owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is owned by corporate insiders.

Institutional Trading of F.N.B.

Several institutional investors have recently modified their holdings of FNB. Creative Planning grew its position in shares of F.N.B. by 3.0% in the third quarter. Creative Planning now owns 60,731 shares of the bank's stock valued at $857,000 after purchasing an additional 1,757 shares during the period. State of Alaska Department of Revenue boosted its position in F.N.B. by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 41,581 shares of the bank's stock worth $586,000 after acquiring an additional 2,830 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in F.N.B. by 15.5% during the third quarter. Nisa Investment Advisors LLC now owns 142,340 shares of the bank's stock worth $2,008,000 after acquiring an additional 19,100 shares during the last quarter. Ceredex Value Advisors LLC boosted its position in F.N.B. by 13.9% during the third quarter. Ceredex Value Advisors LLC now owns 964,974 shares of the bank's stock worth $13,616,000 after acquiring an additional 118,100 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in F.N.B. by 2.6% during the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank's stock worth $69,879,000 after acquiring an additional 127,516 shares during 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.