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

F.N.B. (NYSE:FNB) had its target price increased by Stephens from $16.00 to $18.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the bank’s stock.

Several other analysts also recently issued reports on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 target price on shares of F.N.B. in a research note on Wednesday, June 26th. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, StockNews.com downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.33.

F.N.B. Trading Down 0.1 %

Shares of F.N.B. stock opened at $14.47 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.92. The company has a fifty day moving average of $14.23 and a 200 day moving average of $13.92. The company has a market capitalization of $5.20 billion, a P/E ratio of 11.67, a P/E/G ratio of 10.01 and a beta of 0.96. F.N.B. has a fifty-two week low of $10.24 and a fifty-two week high of $15.65.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.32%. The ex-dividend date was Thursday, September 5th. F.N.B.’s dividend payout ratio is presently 38.71%.

Hedge Funds Weigh In On F.N.B.

Several institutional investors have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. purchased a new stake in shares of F.N.B. during the 3rd quarter valued at about $28,000. Richardson Financial Services Inc. increased its stake in 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 acquiring an additional 1,473 shares during the last quarter. LRI Investments LLC purchased a new stake in F.N.B. during the first quarter valued at approximately $45,000. GAMMA Investing LLC lifted its stake in shares of F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,764 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings 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 during the period. 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.