F.N.B. (NYSE:FNB) Given New $18.00 Price Target at Piper Sandler

F.N.B. (NYSE:FNB) had its price objective decreased by Piper Sandler from $19.00 to $18.00 in a research note released on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the bank’s stock.

A number of other equities research analysts have also issued reports on FNB. Keefe, Bruyette & Woods raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Stephens upped 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. DA Davidson increased their price objective on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company reduced their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, F.N.B. has a consensus rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Stock Performance

NYSE:FNB opened at $15.53 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 0.94. F.N.B. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The firm has a market cap of $5.58 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 4.80 and a beta of 1.01. The business has a 50 day moving average price of $15.66 and a 200-day moving average price of $14.91.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Monday, December 2nd. F.N.B.’s dividend payout ratio is currently 38.10%.

Insider Activity

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the transaction, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.03% of the stock is currently owned by company insiders.

Institutional Trading of F.N.B.

Hedge funds have recently modified their holdings of the business. Kathleen S. Wright Associates Inc. purchased a new position in F.N.B. during the 3rd quarter valued at about $28,000. Brooklyn Investment Group bought a new position in shares of F.N.B. during the third quarter valued at approximately $31,000. Richardson Financial Services Inc. increased its stake 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 valued at $41,000 after purchasing an additional 1,473 shares in the last quarter. UMB Bank n.a. boosted its position in shares of F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after purchasing an additional 1,665 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after buying an additional 2,014 shares during the last quarter. 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.