F.N.B. Co. (NYSE:FNB) Receives Consensus Rating of "Moderate Buy" from Analysts

F.N.B. Co. (NYSE:FNB - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $17.67.

FNB has been the subject of a number of recent analyst reports. Piper Sandler reissued an "overweight" rating on shares of F.N.B. in a research report on Friday, October 18th. StockNews.com raised shares of F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Keefe, Bruyette & Woods raised their target price 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. Raymond James boosted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company increased their price target on F.N.B. from $16.00 to $19.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd.

Insider Activity

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,652,229 shares in the company, valued at $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.03% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Signaturefd LLC raised its holdings in F.N.B. by 16.7% during the third quarter. Signaturefd LLC now owns 5,592 shares of the bank's stock valued at $79,000 after acquiring an additional 799 shares during the period. Miller Howard Investments Inc. NY raised its stake in F.N.B. by 2.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank's stock valued at $480,000 after purchasing an additional 836 shares during the period. Hancock Whitney Corp lifted its holdings in F.N.B. by 0.8% in the 3rd quarter. Hancock Whitney Corp now owns 121,945 shares of the bank's stock worth $1,721,000 after purchasing an additional 947 shares in the last quarter. Bank of Montreal Can boosted its stake in F.N.B. by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank's stock worth $653,000 after purchasing an additional 1,040 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in F.N.B. by 31.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank's stock valued at $65,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.

F.N.B. Stock Down 5.4 %

Shares of FNB traded down $0.83 on Wednesday, hitting $14.58. 3,446,118 shares of the stock traded hands, compared to its average volume of 2,228,713. F.N.B. has a one year low of $12.49 and a one year high of $17.70. The company has a market capitalization of $5.24 billion, a PE ratio of 13.38 and a beta of 0.99. The business has a 50 day simple moving average of $15.70 and a 200 day simple moving average of $14.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93.

F.N.B. (NYSE:FNB - Get Free Report) last posted its earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The business had revenue of $413.02 million during the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. As a group, equities analysts forecast that F.N.B. will post 1.34 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.'s dividend payout ratio is presently 44.04%.

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.