F.N.B. (NYSE:FNB) Upgraded by StockNews.com to “Hold”

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

Several other research analysts have also recently weighed in on FNB. 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 report on Friday, July 19th. Keefe, Bruyette & Woods reissued a market perform rating and issued a $16.00 price target on shares of F.N.B. in a report on Wednesday, June 26th. Finally, Stephens reissued an overweight rating and issued a $16.00 price target on shares of F.N.B. in a report on Thursday, July 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $15.29.

F.N.B. Stock Up 0.3 %

Shares of FNB stock opened at $14.24 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.92. The firm’s 50-day moving average is $14.41 and its 200-day moving average is $13.83. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 9.98 and a beta of 0.97. 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 issued its earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $403.81 million during 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. Sell-side analysts predict that F.N.B. will post 1.38 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Thursday, September 5th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.37%. F.N.B.’s payout ratio is presently 38.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in shares of F.N.B. during the 2nd quarter worth approximately $553,000. Covington Investment Advisors Inc. acquired a new stake in shares of F.N.B. during the 2nd quarter worth approximately $915,000. Creative Planning boosted its position in shares of F.N.B. by 2.7% during the 2nd quarter. Creative Planning now owns 58,974 shares of the bank’s stock worth $807,000 after acquiring an additional 1,570 shares in the last quarter. Algert Global LLC acquired a new stake in shares of F.N.B. during the 2nd quarter worth approximately $494,000. Finally, Deerfield Management Company L.P. Series C acquired a new stake in shares of F.N.B. during the 2nd quarter worth approximately $266,000. 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.