F.N.B. Corp (FNB) Receives $16.60 Average Price Target from Analysts

Shares of F.N.B. Corp (NYSE:FNB) have been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $16.60.

FNB has been the topic of a number of recent analyst reports. ValuEngine raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Raymond James cut shares of F.N.B. from a “strong-buy” rating to an “outperform” rating and set a $19.00 target price on the stock. in a research report on Wednesday, July 25th. Boenning Scattergood reaffirmed a “buy” rating on shares of F.N.B. in a research report on Wednesday, July 25th. Zacks Investment Research cut shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Finally, Wells Fargo & Co set a $15.00 price target on shares of F.N.B. and gave the stock a “buy” rating in a research report on Tuesday, October 2nd.

In other F.N.B. news, insider Barry C. Robinson purchased 2,500 shares of F.N.B. stock in a transaction dated Friday, October 26th. The shares were acquired at an average price of $11.21 per share, with a total value of $28,025.00. Following the completion of the transaction, the insider now owns 36,552 shares of the company’s stock, valued at $409,747.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frank C. Mencini purchased 2,000 shares of F.N.B. stock in a transaction dated Monday, August 13th. The shares were acquired at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the transaction, the director now directly owns 32,681 shares of the company’s stock, valued at approximately $427,140.67. The disclosure for this purchase can be found here. Insiders have bought 21,500 shares of company stock worth $247,315 in the last three months. Corporate insiders own 0.63% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FNB. Victory Capital Management Inc. increased its stake in shares of F.N.B. by 433.2% during the second quarter. Victory Capital Management Inc. now owns 4,088,768 shares of the bank’s stock worth $54,871,000 after buying an additional 3,321,888 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of F.N.B. during the second quarter worth approximately $39,646,000. Bank of America Corp DE increased its stake in shares of F.N.B. by 112.2% during the second quarter. Bank of America Corp DE now owns 4,502,217 shares of the bank’s stock worth $60,419,000 after buying an additional 2,380,341 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of F.N.B. during the second quarter worth approximately $26,563,000. Finally, Glenmede Trust Co. NA increased its stake in shares of F.N.B. by 45.5% during the second quarter. Glenmede Trust Co. NA now owns 6,274,483 shares of the bank’s stock worth $84,203,000 after buying an additional 1,962,895 shares during the period. Hedge funds and other institutional investors own 80.34% of the company’s stock.

NYSE FNB opened at $12.36 on Friday. F.N.B. has a 12 month low of $11.03 and a 12 month high of $14.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 1.15 and a beta of 0.92.

F.N.B. (NYSE:FNB) last posted its earnings results on Tuesday, October 23rd. The bank reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. F.N.B. had a net margin of 20.94% and a return on equity of 8.03%. The company had revenue of $309.60 million for the quarter, compared to analysts’ expectations of $313.18 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. F.N.B.’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, analysts predict that F.N.B. will post 1.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.88%. F.N.B.’s dividend payout ratio is presently 51.61%.

About F.N.B.

F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.

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Analyst Recommendations for F.N.B. (NYSE:FNB)

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