DA Davidson Reiterates "Buy" Rating for F.N.B. (NYSE:FNB)

DA Davidson restated their buy rating on shares of F.N.B. (NYSE:FNB - Free Report) in a research report report published on Thursday morning,Benzinga reports. DA Davidson currently has a $19.00 price objective on the bank's stock.

Several other research analysts also recently weighed in on FNB. Wells Fargo & Company decreased their target price on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Piper Sandler decreased their price objective 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.75.

F.N.B. Trading Up 3.9 %

Shares of NYSE FNB traded up $0.49 during midday trading on Thursday, hitting $12.94. The stock had a trading volume of 4,179,009 shares, compared to its average volume of 2,465,601. The company has a fifty day moving average price of $13.50 and a 200 day moving average price of $14.75. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 3.60 and a beta of 0.86. F.N.B. has a 1-year low of $10.88 and a 1-year high of $17.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. (NYSE:FNB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The business had revenue of $411.61 million for the quarter, compared to the consensus estimate of $409.52 million. During the same quarter last year, the firm posted $0.34 EPS. On average, analysts predict that F.N.B. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.71%. The ex-dividend date was Monday, March 3rd. F.N.B.'s payout ratio is currently 38.10%.

Insider Activity

In other news, Director William B. Campbell bought 3,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the acquisition, the director now owns 158,834 shares in the company, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction that occurred on 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 transaction, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company's stock.

Institutional Investors Weigh In On F.N.B.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PL Capital Advisors LLC acquired a new stake in F.N.B. during the 4th quarter valued at $308,616,000. Norges Bank bought a new position in F.N.B. in the 4th quarter valued at about $50,205,000. First Trust Advisors LP lifted its stake in F.N.B. by 76.8% during the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock worth $77,349,000 after purchasing an additional 2,273,736 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of F.N.B. during the 4th quarter worth $15,801,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of F.N.B. in the 4th quarter valued at approximately $12,952,000. 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.