F.N.B. (NYSE:FNB) Price Target Lowered to $18.00 at Piper Sandler

F.N.B. (NYSE:FNB - Free Report) had its price target reduced by Piper Sandler from $19.00 to $18.00 in a research note released on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the bank's stock.

FNB has been the topic of several other reports. Wells Fargo & Company decreased 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 report on Monday, January 6th. Raymond James increased their price target on F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. StockNews.com upgraded F.N.B. from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. DA Davidson increased their price target on F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating in a report on Thursday. Finally, Keefe, Bruyette & Woods upped their target price on F.N.B. from $16.00 to $18.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.50.

F.N.B. Stock Up 0.1 %

FNB stock traded up $0.02 during trading on Thursday, hitting $15.53. 4,644,805 shares of the stock traded hands, compared to its average volume of 2,845,120. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 4.80 and a beta of 1.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.92. The firm's 50 day moving average is $15.68 and its two-hundred day moving average is $14.89. F.N.B. has a 1 year low of $12.49 and a 1 year high of $17.70.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.09%. F.N.B.'s dividend payout ratio (DPR) is presently 38.10%.

Insider Activity at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction 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 transaction, the chief executive officer now directly owns 1,652,229 shares in the company, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.03% of the stock is owned by insiders.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Calamos Wealth Management LLC purchased a new position in F.N.B. during the 4th quarter valued at about $190,000. Trust Point Inc. lifted its stake in F.N.B. by 27.8% in the 4th quarter. Trust Point Inc. now owns 22,310 shares of the bank's stock valued at $330,000 after buying an additional 4,854 shares in the last quarter. DAVENPORT & Co LLC increased its position in F.N.B. by 88.0% during the fourth quarter. DAVENPORT & Co LLC now owns 27,346 shares of the bank's stock worth $404,000 after buying an additional 12,798 shares in the last quarter. EMC Capital Management raised its holdings in shares of F.N.B. by 106.2% in the fourth quarter. EMC Capital Management now owns 25,473 shares of the bank's stock worth $376,000 after acquiring an additional 13,120 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of F.N.B. during the fourth quarter valued at $69,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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.