F.N.B. Corp (NYSE:FNB) has been given a consensus rating of “Buy” by the fifteen research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $17.39.
Several brokerages have weighed in on FNB. Stephens began coverage on shares of F.N.B. in a research note on Wednesday. They set an “equal weight” rating for the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $15.00 target price on shares of F.N.B. in a research note on Friday, October 20th. Zacks Investment Research lowered shares of F.N.B. from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.00 target price on shares of F.N.B. in a research note on Tuesday, October 3rd. Finally, ValuEngine raised shares of F.N.B. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.
Shares of F.N.B. (NYSE FNB) traded up $0.31 during mid-day trading on Thursday, reaching $13.88. 5,238,230 shares of the company’s stock traded hands, compared to its average volume of 2,155,997. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $4,487.54, a price-to-earnings ratio of 14.77, a PEG ratio of 1.58 and a beta of 0.96. F.N.B. has a one year low of $12.02 and a one year high of $16.35.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.12 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.46%. F.N.B.’s dividend payout ratio is presently 62.34%.
In other F.N.B. news, Director Frank C. Mencini purchased 2,000 shares of F.N.B. stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of $12.93 per share, with a total value of $25,860.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Moorehead purchased 5,000 shares of F.N.B. stock in a transaction dated Friday, November 3rd. The shares were acquired at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the transaction, the insider now directly owns 25,312 shares of the company’s stock, valued at approximately $340,699.52. The disclosure for this purchase can be found here. Insiders have bought 8,500 shares of company stock worth $113,350 in the last three months. Corporate insiders own 1.21% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Stifel Financial Corp raised its holdings in F.N.B. by 1.9% in the second quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after acquiring an additional 202 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in F.N.B. by 0.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,153 shares of the bank’s stock valued at $668,000 after acquiring an additional 343 shares in the last quarter. World Asset Management Inc raised its holdings in F.N.B. by 2.8% in the second quarter. World Asset Management Inc now owns 20,381 shares of the bank’s stock valued at $289,000 after acquiring an additional 558 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in F.N.B. by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 25,966 shares of the bank’s stock valued at $368,000 after acquiring an additional 654 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC raised its holdings in F.N.B. by 4.8% in the second quarter. Alpine Woods Capital Investors LLC now owns 22,000 shares of the bank’s stock valued at $312,000 after acquiring an additional 1,000 shares in the last quarter. 76.02% of the stock is currently owned by hedge funds and other institutional investors.
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F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.
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