F.N.B. (NYSE:FNB) Rating Reiterated by Stephens

Stephens reissued their overweight rating on shares of F.N.B. (NYSE:FNB) in a report issued on Thursday, Benzinga reports. Stephens currently has a $16.00 target price on the bank’s stock.

Several other research firms have also weighed in on FNB. Wells Fargo & Company raised their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an overweight rating in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $16.00 target price on shares of F.N.B. in a research report on Wednesday, June 26th. Finally, StockNews.com raised F.N.B. from a sell rating to a hold rating in a research report on Monday, May 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, F.N.B. has a consensus rating of Moderate Buy and an average target price of $15.29.

F.N.B. Stock Performance

Shares of NYSE FNB opened at $14.58 on Thursday. The stock has a fifty day moving average price of $13.66 and a two-hundred day moving average price of $13.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market cap of $5.25 billion, a P/E ratio of 11.76, a PEG ratio of 10.28 and a beta of 0.99. F.N.B. has a 1 year low of $10.24 and a 1 year high of $15.53.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $403.81 million for the quarter, compared to the consensus estimate of $408.14 million. F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. Research analysts forecast that F.N.B. will post 1.41 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Thursday, June 6th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.48 annualized dividend and a dividend yield of 3.29%. F.N.B.’s dividend payout ratio is 38.71%.

Insider Buying and Selling

In other news, Director William B. Campbell acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was acquired at an average cost of $13.48 per share, for a total transaction of $33,700.00. Following the completion of the acquisition, the director now owns 149,458 shares in the company, valued at $2,014,693.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.03% of the stock is owned by corporate insiders.

Institutional Trading of F.N.B.

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in F.N.B. by 20.3% during the third quarter. Wellington Management Group LLP now owns 2,449,816 shares of the bank’s stock valued at $26,434,000 after buying an additional 413,698 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of F.N.B. by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,292,019 shares of the bank’s stock valued at $293,193,000 after purchasing an additional 136,104 shares during the last quarter. Norges Bank acquired a new stake in shares of F.N.B. in the fourth quarter valued at about $49,533,000. Rafferty Asset Management LLC grew its position in F.N.B. by 61.3% during the fourth quarter. Rafferty Asset Management LLC now owns 535,520 shares of the bank’s stock worth $7,374,000 after buying an additional 203,429 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in F.N.B. by 31.0% during the fourth quarter. Federated Hermes Inc. now owns 378,727 shares of the bank’s stock worth $5,215,000 after buying an additional 89,637 shares in the last quarter. 79.25% of the stock is currently 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.