Brokerages Set F.N.B. Corporation (NYSE:FNB) Price Target at $19.60
by Teresa Graham · The Cerbat GemShares of F.N.B. Corporation (NYSE:FNB – Get Free Report) have been given an average rating of “Buy” by the six analysts that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.60.
Several equities research analysts have weighed in on the stock. Truist Financial raised their target price on shares of F.N.B. from $19.00 to $19.50 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Piper Sandler restated an “overweight” rating and issued a $21.00 target price (up from $20.00) on shares of F.N.B. in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research note on Monday, December 29th.
Institutional Investors Weigh In On F.N.B.
Several institutional investors and hedge funds have recently made changes to their positions in FNB. CoreCap Advisors LLC acquired a new stake in shares of F.N.B. during the fourth quarter worth $34,000. EverSource Wealth Advisors LLC lifted its stake in shares of F.N.B. by 3,723.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after buying an additional 2,420 shares during the period. Triumph Capital Management acquired a new stake in shares of F.N.B. during the third quarter worth $55,000. Parallel Advisors LLC lifted its stake in shares of F.N.B. by 18.9% during the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after buying an additional 720 shares during the period. Finally, Danske Bank A S acquired a new stake in shares of F.N.B. during the third quarter worth $85,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.
F.N.B. Price Performance
Shares of FNB opened at $17.94 on Tuesday. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.87 and a beta of 0.87. F.N.B. has a twelve month low of $11.45 and a twelve month high of $19.14. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $17.22 and a two-hundred day moving average of $16.80.
F.N.B. (NYSE:FNB – Get Free Report) last announced its earnings results on Wednesday, January 21st. The bank reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.09. The company had revenue of $457.78 million during the quarter, compared to the consensus estimate of $457.87 million. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. During the same period last year, the firm earned $0.30 earnings per share. As a group, analysts predict that F.N.B. will post 1.45 earnings per share for the current fiscal year.
F.N.B. Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, March 2nd. F.N.B.’s payout ratio is presently 30.77%.
F.N.B. Company Profile
F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.
The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.