F.N.B. Corp (NYSE:FNB) has been given an average recommendation of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $16.33.
FNB has been the subject of several research reports. Zacks Investment Research lowered F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. Boenning Scattergood reissued a “buy” rating on shares of F.N.B. in a research note on Wednesday, July 25th. ValuEngine upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Wells Fargo & Co set a $15.00 target price on F.N.B. and gave the company a “buy” rating in a report on Tuesday, October 2nd. Finally, Raymond James lowered F.N.B. from a “strong-buy” rating to an “outperform” rating and set a $19.00 target price for the company. in a report on Wednesday, July 25th.
In other F.N.B. news, Director Frank C. Mencini bought 2,000 shares of F.N.B. stock in a transaction dated Monday, August 13th. The stock was bought at an average price of $13.07 per share, for a total transaction of $26,140.00. Following the completion of the acquisition, the director now directly owns 32,681 shares of the company’s stock, valued at $427,140.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.63% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FNB. Raymond James Trust N.A. raised its holdings in shares of F.N.B. by 17.8% during the second quarter. Raymond James Trust N.A. now owns 24,830 shares of the bank’s stock worth $333,000 after acquiring an additional 3,757 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of F.N.B. by 28.8% during the first quarter. Moors & Cabot Inc. now owns 17,928 shares of the bank’s stock worth $241,000 after acquiring an additional 4,010 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of F.N.B. by 1.7% during the first quarter. Guggenheim Capital LLC now owns 277,283 shares of the bank’s stock worth $3,728,000 after acquiring an additional 4,693 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of F.N.B. by 0.9% during the second quarter. Rhumbline Advisers now owns 544,580 shares of the bank’s stock worth $7,308,000 after acquiring an additional 4,752 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of F.N.B. by 38.0% during the first quarter. LPL Financial LLC now owns 17,316 shares of the bank’s stock worth $233,000 after acquiring an additional 4,767 shares in the last quarter. Institutional investors own 80.89% of the company’s stock.
FNB opened at $11.91 on Wednesday. The firm has a market cap of $4.12 billion, a PE ratio of 12.81, a P/E/G ratio of 1.22 and a beta of 0.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.82 and a quick ratio of 0.82. F.N.B. has a fifty-two week low of $11.58 and a fifty-two week high of $14.91.
F.N.B. (NYSE:FNB) last released its quarterly earnings data on Tuesday, July 24th. The bank reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $304.00 million during the quarter, compared to analyst estimates of $305.86 million. F.N.B. had a return on equity of 7.70% and a net margin of 19.91%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. Equities research analysts forecast that F.N.B. will post 1.1 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, September 15th. Stockholders of record on Tuesday, September 4th were issued a $0.12 dividend. The ex-dividend date was Friday, August 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.03%. F.N.B.’s payout ratio is currently 51.61%.
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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