F.N.B. (NYSE:FNB) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of F.N.B. (NYSE:FNB) from a sell rating to a hold rating in a research note released on Monday.

FNB has been the topic of a number of other reports. Stephens reaffirmed an overweight rating and set a $16.00 price target on shares of F.N.B. in a research report on Thursday, July 18th. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $16.00 price target on shares of F.N.B. in a research report on Wednesday, June 26th. Finally, Piper Sandler raised their price objective on F.N.B. from $15.00 to $17.00 and gave the company an overweight rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $15.29.

F.N.B. Trading Up 2.4 %

FNB stock opened at $14.59 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 9.98 and a beta of 0.97. The business has a fifty day simple moving average of $14.41 and a 200-day simple moving average of $13.83. F.N.B. has a 52 week low of $10.24 and a 52 week high of $15.65.

F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). F.N.B. had a return on equity of 9.04% and a net margin of 18.27%. The firm had revenue of $403.81 million for the quarter, compared to analyst estimates of $408.14 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts expect that F.N.B. will post 1.38 EPS for the current year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Thursday, September 5th were issued a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 3.29%. F.N.B.’s dividend payout ratio is currently 38.71%.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds have recently bought and sold shares of FNB. Norges Bank acquired a new position in shares of F.N.B. in the 4th quarter valued at approximately $49,533,000. Rafferty Asset Management LLC raised its holdings in F.N.B. by 61.3% in the fourth quarter. Rafferty Asset Management LLC now owns 535,520 shares of the bank’s stock valued at $7,374,000 after acquiring an additional 203,429 shares in the last quarter. SG Americas Securities LLC bought a new position in F.N.B. during the 2nd quarter valued at $920,000. Sei Investments Co. grew its holdings in F.N.B. by 5.8% during the 1st quarter. Sei Investments Co. now owns 1,341,044 shares of the bank’s stock worth $18,909,000 after acquiring an additional 73,016 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of F.N.B. in the 1st quarter worth about $600,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

About F.N.B.

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.