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BGB Securities Starts F.N.B. Corporation (FNB) at Buy

November 20, 2012 11:31 AM EST Send to a Friend
Get Alerts FNB Hot Sheet
Price: $12.25 +1.32%

Rating Summary:
    5 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 9 | New: 11
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BGB Securities initiates coverage on F.N.B. Corporation (NYSE: FNB) with a Buy. PT $12.00.

The firm comments, "We derive our target through our discounted dividend model, the application of a 12x multiple to our normalized 2014 EPS estimate of $1.04 discounted back to September 30, 2013 and FNB's tangible book multiple of approximately 240% applied to our September 30, 2013 estimate of $5.33. Our 2012 and 2013 EPS estimates are $0.79 and $0.87, respectively..."

For an analyst ratings summary and ratings history on F.N.B. Corporation click here. For more ratings news on F.N.B. Corporation click here.

Shares of F.N.B. Corporation closed at $10.94 yesterday.




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