F.N.B. (NYSE:FNB) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of F.N.B. (NYSE:FNB) from a hold rating to a sell rating in a report released on Tuesday morning.

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

F.N.B. Trading Down 0.1 %

Shares of F.N.B. stock opened at $13.89 on Tuesday. The company has a market capitalization of $5.00 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 10.27 and a beta of 0.96. The stock has a fifty day simple moving average of $14.32 and a 200 day simple moving average of $13.85. F.N.B. has a 12-month low of $10.24 and a 12-month high of $15.65. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share 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 firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. On average, sell-side analysts anticipate that F.N.B. will post 1.38 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Thursday, September 5th. F.N.B.’s dividend payout ratio is currently 38.71%.

Hedge Funds Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNB. Norges Bank bought a new position in F.N.B. in the 4th quarter worth approximately $49,533,000. Corient Private Wealth LLC grew its position in shares of F.N.B. by 657.5% in the fourth quarter. Corient Private Wealth LLC now owns 137,703 shares of the bank’s stock valued at $1,896,000 after purchasing an additional 119,525 shares in the last quarter. Assetmark Inc. raised its stake in shares of F.N.B. by 111.8% during the 4th quarter. Assetmark Inc. now owns 10,971 shares of the bank’s stock valued at $151,000 after purchasing an additional 5,790 shares during the period. US Bancorp DE lifted its holdings in F.N.B. by 21.7% during the 4th quarter. US Bancorp DE now owns 60,168 shares of the bank’s stock worth $829,000 after purchasing an additional 10,737 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in F.N.B. by 3.4% in the 4th quarter. Advisory Services Network LLC now owns 24,594 shares of the bank’s stock worth $339,000 after purchasing an additional 813 shares during the period. Institutional investors 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.