F.N.B. (NYSE:FNB) Downgraded to Sell at StockNews.com

StockNews.com cut shares of F.N.B. (NYSE:FNB) from a hold rating to a sell rating in a research note published on Tuesday morning.

Several other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $16.00 target price on shares of F.N.B. in a research report on Wednesday, June 26th. Stephens reaffirmed an overweight rating and set a $16.00 target price on shares of F.N.B. in a research report on Thursday, July 18th. Finally, Piper Sandler lifted their target price on F.N.B. from $15.00 to $17.00 and gave the company an overweight rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, F.N.B. has an average rating of Moderate Buy and an average target price of $15.29.

F.N.B. Trading Down 0.9 %

NYSE FNB opened at $13.66 on Tuesday. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 10.27 and a beta of 0.96. F.N.B. has a 52 week low of $10.24 and a 52 week high of $15.65. The business has a 50 day moving average price of $14.11 and a 200-day moving average price of $13.87. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $403.81 million for 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 company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, equities analysts expect that F.N.B. will post 1.38 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 3.51%. F.N.B.’s payout ratio is 38.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FNB. Vista Investment Management grew its stake in shares of F.N.B. by 4.4% during the 4th quarter. Vista Investment Management now owns 29,255 shares of the bank’s stock worth $403,000 after acquiring an additional 1,224 shares during the period. Gibson Capital LLC purchased a new stake in F.N.B. during the 4th quarter worth about $251,000. Bridgefront Capital LLC lifted its holdings in F.N.B. by 25.0% during the 4th quarter. Bridgefront Capital LLC now owns 31,269 shares of the bank’s stock worth $431,000 after purchasing an additional 6,250 shares in the last quarter. Vanguard Group Inc. lifted its holdings in F.N.B. by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock worth $541,806,000 after purchasing an additional 156,120 shares in the last quarter. Finally, Hart & Patterson Financial Group LLC purchased a new stake in F.N.B. during the 4th quarter worth about $140,000. Institutional investors 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.