F.N.B. (NYSE:FNB) Given New $20.00 Price Target at DA Davidson

F.N.B. (NYSE:FNB) had its target price raised by DA Davidson from $19.00 to $20.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the bank’s stock.

Several other research firms have also issued reports on FNB. Wells Fargo & Company decreased 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. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Raymond James upped their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens upped their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.50.

F.N.B. Stock Performance

NYSE:FNB opened at $15.50 on Thursday. F.N.B. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. 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 50 day moving average price of $15.68 and a 200 day moving average price of $14.89. The stock has a market capitalization of $5.57 billion, a P/E ratio of 14.22, a PEG ratio of 4.91 and a beta of 1.01.

F.N.B. Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Monday, December 2nd. F.N.B.’s dividend payout ratio is currently 44.04%.

Insider Activity

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the transaction, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp increased its stake in shares of F.N.B. by 1.9% in the third quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after buying an additional 278,825 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of F.N.B. by 2.6% during the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock worth $69,879,000 after purchasing an additional 127,516 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in F.N.B. by 2.8% in the third quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock worth $67,986,000 after purchasing an additional 130,972 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in F.N.B. by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock valued at $54,868,000 after buying an additional 218,511 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in F.N.B. by 181.6% during the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after buying an additional 1,964,884 shares in the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Company Profile

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.