Brokerages Set F.N.B. Co. (NYSE:FNB) PT at $18.00

Shares of F.N.B. Co. (NYSE:FNB - Get Free Report) have received an average recommendation of "Moderate Buy" from the five analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $18.00.

A number of equities analysts recently issued reports on the company. Piper Sandler reissued an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. StockNews.com raised F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Raymond James lifted their price objective on F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Stephens lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, October 21st.

F.N.B. Stock Performance

Shares of NYSE FNB traded down $0.39 during midday trading on Friday, reaching $14.28. 3,156,795 shares of the company were exchanged, compared to its average volume of 2,155,683. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. F.N.B. has a 1 year low of $12.49 and a 1 year high of $17.70. The stock has a fifty day simple moving average of $15.79 and a 200 day simple moving average of $14.79. The stock has a market cap of $5.13 billion, a P/E ratio of 13.10 and a beta of 1.01.

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

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.36%. F.N.B.'s dividend payout ratio is currently 44.04%.

Insider Buying and Selling

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business's stock in a transaction on Friday, December 6th. The stock was 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 approximately $27,261,778.50. The trade was a 7.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.03% of the company's stock.

Institutional Trading of F.N.B.

A number of institutional investors have recently added to or reduced their stakes in FNB. Commonwealth Equity Services LLC raised its stake in shares of F.N.B. by 11.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 61,751 shares of the bank's stock valued at $845,000 after purchasing an additional 6,412 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of F.N.B. by 23.4% in the 2nd quarter. Victory Capital Management Inc. now owns 125,280 shares of the bank's stock valued at $1,714,000 after purchasing an additional 23,764 shares in the last quarter. Meeder Advisory Services Inc. acquired a new stake in shares of F.N.B. in the 2nd quarter valued at about $162,000. GHP Investment Advisors Inc. raised its stake in shares of F.N.B. by 2.5% in the 2nd quarter. GHP Investment Advisors Inc. now owns 95,079 shares of the bank's stock valued at $1,301,000 after purchasing an additional 2,279 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank's stock valued at $303,361,000 after purchasing an additional 647,335 shares in the last quarter. 79.25% of the stock is 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.