F.N.B. (NYSE:FNB) Reaches New 12-Month High After Analyst Upgrade

Shares of F.N.B. Co. (NYSE:FNB) reached a new 52-week high during mid-day trading on Friday after Raymond James raised their price target on the stock from $17.00 to $19.00. Raymond James currently has an outperform rating on the stock. F.N.B. traded as high as $17.03 and last traded at $16.92, with a volume of 238634 shares trading hands. The stock had previously closed at $16.76.

Several other equities research analysts have also weighed in on the company. Stephens lifted their price target on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Finally, StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, F.N.B. currently has a consensus rating of “Moderate Buy” and an average target price of $16.83.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. bought a new position in shares of F.N.B. during the 3rd quarter valued at approximately $28,000. Brooklyn Investment Group bought a new position in F.N.B. in the third quarter worth approximately $31,000. Richardson Financial Services Inc. lifted its position in shares of F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after purchasing an additional 1,473 shares during the period. GAMMA Investing LLC lifted its position in shares of F.N.B. by 113.8% during the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after buying an additional 1,764 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in F.N.B. during the 1st quarter worth $45,000. 79.25% of the stock is owned by institutional investors.

F.N.B. Price Performance

The stock’s 50 day simple moving average is $14.81 and its 200-day simple moving average is $14.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 15.73 and a beta of 0.95.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $413.02 million during the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. Equities research analysts anticipate that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 2.80%. F.N.B.’s dividend payout ratio (DPR) is 44.04%.

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.