F.N.B. (NYSE:FNB) Rating Reiterated by Stephens

Stephens reiterated their overweight rating on shares of F.N.B. (NYSE:FNB) in a research report released on Thursday, Benzinga reports. Stephens currently has a $16.00 target price on the bank’s stock.

Several other equities analysts also recently weighed in on the company. StockNews.com raised F.N.B. from a sell rating to a hold rating in a research note on Monday, May 27th. Keefe, Bruyette & Woods reissued a market perform rating and set a $16.00 price target on shares of F.N.B. in a research report on Wednesday, June 26th. Finally, Wells Fargo & Company raised their price target on F.N.B. from $14.00 to $16.00 and gave the stock an overweight rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $15.29.

F.N.B. Stock Performance

NYSE FNB opened at $14.58 on Thursday. F.N.B. has a 1-year low of $10.24 and a 1-year high of $15.53. The company has a market capitalization of $5.25 billion, a P/E ratio of 11.76, a PEG ratio of 10.28 and a beta of 0.99. The business has a 50 day moving average price of $13.66 and a 200 day moving average price of $13.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.91.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The firm had revenue of $403.81 million during the quarter, compared to analysts’ expectations of $408.14 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Sell-side analysts expect that F.N.B. will post 1.41 EPS for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Thursday, June 6th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, June 6th. F.N.B.’s dividend payout ratio is currently 38.71%.

Insider Activity

In other F.N.B. news, Director William B. Campbell acquired 2,500 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was acquired at an average price of $13.48 per share, with a total value of $33,700.00. Following the completion of the transaction, the director now directly owns 149,458 shares in the company, valued at $2,014,693.84. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in F.N.B. by 19.7% in the second quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock valued at $127,000 after acquiring an additional 1,486 shares during the last quarter. Bill Few Associates Inc. boosted its holdings in F.N.B. by 12.5% in the second quarter. Bill Few Associates Inc. now owns 91,892 shares of the bank’s stock valued at $1,257,000 after acquiring an additional 10,246 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in F.N.B. by 9.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 40,687 shares of the bank’s stock valued at $557,000 after acquiring an additional 3,441 shares during the last quarter. Diversified Trust Co boosted its holdings in F.N.B. by 4.9% in the second quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock valued at $231,000 after acquiring an additional 789 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in F.N.B. in the second quarter valued at $920,000. Hedge funds and other 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.