F.N.B. (NYSE:FNB) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of F.N.B. (NYSE:FNB) from a hold rating to a sell rating in a report published on Saturday.

Other analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods raised shares of F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 target price on the stock in a report on Monday, April 21st. DA Davidson reissued a “buy” rating and set a $19.00 target price on shares of F.N.B. in a report on Thursday, April 17th. Wells Fargo & Company dropped their target price on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Finally, Truist Financial initiated coverage on shares of F.N.B. in a report on Tuesday, May 13th. They set a “buy” rating and a $16.50 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.57.

F.N.B. Trading Up 1.6%

FNB opened at $15.58 on Friday. The stock has a market capitalization of $5.61 billion, a PE ratio of 12.37, a P/E/G ratio of 1.12 and a beta of 0.92. F.N.B. has a 12-month low of $10.88 and a 12-month high of $17.70. The firm’s fifty day moving average price is $14.07 and its 200 day moving average price is $14.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.92.

F.N.B. (NYSE:FNB) last issued its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $411.61 million for the quarter, compared to analysts’ expectations of $409.52 million. F.N.B. had a net margin of 17.78% and a return on equity of 7.97%. During the same period in the prior year, the company earned $0.34 earnings per share. As a group, research analysts expect that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.08%. F.N.B.’s dividend payout ratio is currently 38.10%.

Hedge Funds Weigh In On F.N.B.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of F.N.B. by 0.3% during the first quarter. Vanguard Group Inc. now owns 39,531,150 shares of the bank’s stock worth $531,694,000 after acquiring an additional 114,672 shares during the last quarter. Geode Capital Management LLC grew its position in shares of F.N.B. by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank’s stock worth $88,133,000 after acquiring an additional 21,325 shares during the last quarter. First Trust Advisors LP grew its position in shares of F.N.B. by 76.8% during the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank’s stock worth $77,349,000 after acquiring an additional 2,273,736 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in F.N.B. by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock valued at $58,239,000 after buying an additional 51,862 shares in the last quarter. Finally, Norges Bank bought a new position in F.N.B. in the 4th quarter valued at about $50,205,000. Institutional investors own 79.25% of the company’s stock.

About F.N.B.

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.