F.N.B. Co. (NYSE:FNB) Receives $18.50 Average Price Target from Analysts

Shares of F.N.B. Co. (NYSE:FNB) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $18.50.

A number of research firms recently commented on FNB. Wells Fargo & Company decreased their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Piper Sandler decreased their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Stephens raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, DA Davidson raised their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd.

F.N.B. Trading Down 2.9 %

NYSE:FNB opened at $15.32 on Thursday. F.N.B. has a 52 week low of $12.49 and a 52 week high of $17.70. The firm has a 50 day moving average of $15.34 and a 200 day moving average of $14.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 3.80 and a beta of 1.01.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid a $0.12 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.13%. F.N.B.’s payout ratio is currently 38.10%.

Insider Transactions at F.N.B.

In other F.N.B. news, Director William B. Campbell acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the purchase, the director now directly owns 158,834 shares of the company’s stock, valued at $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the sale, the chief executive officer now owns 1,652,229 shares in the company, valued at $27,261,778.50. The trade was a 7.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.03% of the company’s stock.

Institutional Trading of F.N.B.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors grew its position in F.N.B. by 2.3% during the fourth quarter. World Investment Advisors now owns 29,393 shares of the bank’s stock valued at $434,000 after buying an additional 667 shares during the period. Trexquant Investment LP acquired a new stake in F.N.B. during the fourth quarter valued at $2,164,000. Headlands Technologies LLC acquired a new stake in F.N.B. during the fourth quarter valued at $39,000. Geode Capital Management LLC grew its position in F.N.B. by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank’s stock valued at $88,133,000 after buying an additional 21,325 shares during the period. Finally, Wellington Management Group LLP grew its position in F.N.B. by 1.8% during the fourth quarter. Wellington Management Group LLP now owns 1,063,362 shares of the bank’s stock valued at $15,716,000 after buying an additional 18,547 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

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.