BGB Securities Starts F.N.B. Corporation (FNB) at Buy
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Price: $11.81 -0.84%
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade FNB Now!
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, with a 52 week range of $9.79-$12.56.
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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, with a 52 week range of $9.79-$12.56.
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