This Day On The Street
Continue to site
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

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BAC $17.48 0.00%
C $54.21 0.00%
FNB $14.48 0.00%
JPM $67.17 0.00%
PB $55.57 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs