This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

10 Buy Rated Regional Bank Stocks (Update 3)

7. F.N.B. Corporation

Shares of F.N.B. Corporation (FNB - Get Report) of Hermitage, Pa., closed at $12.33 Monday, rising 9% year-to-date, although the shares had a negative five-year return of 5%. Based on a quarterly payout of 12 cents, the shares have a dividend yield of 2.89%.

The stock is rated an "A-minus" by TheStreet Ratings.

The company had $9.8 billion in total assets as of Dec. 31, with 297 branches across Pennsylvania, and also in Northeast Ohio.

F.N.B. on Monday reported fourth-quarter earnings of $23.7 million, or 19 cents a share, compared to $23.8 million, or 19 cents, in the third quarter, and $23.5 million, or 21 cents, in the fourth quarter of 2010.

During the fourth-quarter, sequential declines in fee income were largely offset by $3.5 million in securities gains.

The fourth-quarter ROA was 0.95% according to SNL Financial, and the ROA has ranged from 0.71% to 1.04% over the past five quarters.

KBW analyst Damon DelMonte on Tuesday lowered his rating on F.N.B. Corporation from "Outperform," to "Market Perform," saying that although he remains "positive on the FNB story," the stock's "valuation is fair at these levels." DelMonte said the company had "posted another favorable quarter," with results "marked by continued loan growth, improving asset quality and controlled expenses."

FBR analyst Bob Ramsey stuck with his "Market Perform" rating for F.N.B., while raising his price target for the shares to $13 from $11, following "another solid quarter," with results "characterized by continued loan growth, a stable NIM, and credit quality improvement." Ramsey added that "since June 30, 2009, FNB has grown its loan portfolio $1.0 billion, while other banks de-risked their balance sheets and pulled out of the market."

Then again, Ramsey said that "valuation keeps us on the sidelines."

The shares trade for 2.6 times the company's reported Dec. 31 tangible book value of $4.80, and 15 times the consensus 2012 EPS estimate of 84 cents, among analysts polled by FactSet.

Interested in more on F.N.B. Corporation? See TheStreet Ratings' report card for this stock.

5 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BAC $15.31 0.00%
C $51.00 0.00%
FNB $12.90 0.00%
JPM $59.55 0.00%
PB $52.01 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs