F.N.B. (NYSE:FNB - Free Report) had its price objective decreased by Wells Fargo & Company from $19.00 to $18.00 in a report released on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the bank's stock.
A number of other brokerages have also commented on FNB. 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 research report on Monday, October 21st. Keefe, Bruyette & Woods raised 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. Raymond James upped their target price on F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Finally, Stephens boosted their price target on F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, F.N.B. has a consensus rating of "Moderate Buy" and an average target price of $17.50.
Check Out Our Latest Research Report on F.N.B.
F.N.B. Stock Up 0.6 %
Shares of FNB traded up $0.09 during midday trading on Monday, hitting $14.76. The stock had a trading volume of 2,568,884 shares, compared to its average volume of 2,096,461. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 13.54 and a beta of 1.01. The company has a 50 day simple moving average of $15.78 and a two-hundred day simple moving average of $14.73. F.N.B. has a twelve month low of $12.49 and a twelve month high of $17.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.
F.N.B. (NYSE:FNB - Get Free Report) last announced its 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). The firm had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. On average, analysts anticipate that F.N.B. will post 1.34 EPS for the current year.
F.N.B. Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were paid a $0.12 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 3.25%. F.N.B.'s dividend payout ratio is 44.04%.
Insider Transactions at F.N.B.
In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the sale, the chief executive officer now owns 1,652,229 shares of the company's stock, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.03% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On F.N.B.
Institutional investors and hedge funds have recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new position in F.N.B. during the 3rd quarter worth $28,000. Brooklyn Investment Group acquired a new stake in F.N.B. in the 3rd quarter worth about $31,000. Richardson Financial Services Inc. boosted its holdings in F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank's stock valued at $41,000 after purchasing an additional 1,473 shares during the period. UMB Bank n.a. grew its position in shares of F.N.B. by 82.3% during the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank's stock worth $52,000 after purchasing an additional 1,665 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of F.N.B. by 100.9% during the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank's stock worth $59,000 after purchasing an additional 2,014 shares during the period. Institutional investors and hedge funds own 79.25% of the company's stock.
About F.N.B.
(
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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.
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