F.N.B. (NYSE:FNB) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of F.N.B. (NYSE:FNB - Free Report) from a hold rating to a sell rating in a research note released on Tuesday.

Several other equities research analysts have also recently commented on the stock. Piper Sandler boosted their price objective on shares of F.N.B. from $15.00 to $17.00 and gave the company an overweight rating in a research report on Friday, July 19th. Stephens reiterated an overweight rating and set a $16.00 price objective on shares of F.N.B. in a report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods restated a market perform rating and issued a $16.00 target price on shares of F.N.B. in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $15.29.

F.N.B. Trading Down 0.9 %

NYSE FNB traded down $0.12 during trading hours on Tuesday, hitting $13.66. The company's stock had a trading volume of 1,596,135 shares, compared to its average volume of 2,178,111. The stock has a fifty day moving average of $14.15 and a 200 day moving average of $13.87. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. F.N.B. has a twelve month low of $10.24 and a twelve month high of $15.65. The firm has a market capitalization of $4.91 billion, a P/E ratio of 11.02, a PEG ratio of 10.27 and a beta of 0.96.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The company had revenue of $403.81 million during the quarter, compared to the consensus estimate of $408.14 million. During the same period last year, the company earned $0.39 earnings per share. The business's revenue was down 1.4% compared to the same quarter last year. Equities research analysts forecast that F.N.B. will post 1.38 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, September 15th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 3.51%. F.N.B.'s dividend payout ratio (DPR) is presently 38.71%.

Hedge Funds Weigh In On F.N.B.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of F.N.B. by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank's stock valued at $541,806,000 after purchasing an additional 156,120 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of F.N.B. by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank's stock worth $303,361,000 after buying an additional 647,335 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of F.N.B. by 1.0% during the first quarter. Principal Financial Group Inc. now owns 4,969,587 shares of the bank's stock worth $70,071,000 after buying an additional 48,336 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank's stock valued at $41,045,000 after acquiring an additional 1,964,884 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of F.N.B. by 2.9% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,461,258 shares of the bank's stock valued at $19,990,000 after acquiring an additional 41,610 shares in the last quarter. 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.