F.N.B. (NYSE:FNB) Price Target Raised to $19.00 at Raymond James

F.N.B. (NYSE:FNB) had its price target hoisted by Raymond James from $17.00 to $19.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the bank’s stock.

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

F.N.B. Stock Up 2.1 %

FNB stock opened at $16.76 on Thursday. F.N.B. has a fifty-two week low of $11.55 and a fifty-two week high of $16.97. The business’s 50-day moving average is $14.75 and its two-hundred day moving average is $14.24. 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 company has a market cap of $6.03 billion, a price-to-earnings ratio of 15.38 and a beta of 0.95.

F.N.B. (NYSE:FNB) last posted its earnings results 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). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The firm had revenue of $413.02 million during the quarter, compared to the consensus estimate of $409.80 million. As a group, analysts forecast that F.N.B. will post 1.34 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Monday, December 2nd. F.N.B.’s dividend payout ratio is currently 44.04%.

Institutional Trading of F.N.B.

Institutional investors have recently made changes to their positions in the business. Kathleen S. Wright Associates Inc. purchased a new stake in shares of F.N.B. during the third quarter worth about $28,000. Brooklyn Investment Group purchased a new stake in shares of F.N.B. during the third quarter worth about $31,000. Richardson Financial Services Inc. grew its position in shares of F.N.B. by 100.0% during the third 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 in the last quarter. GAMMA Investing LLC grew 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 worth $45,000 after purchasing an additional 1,764 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of F.N.B. during the first quarter worth about $45,000. Hedge funds and other 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.