FNB is a strong, conservative regional bank. Bit of a grandma stock. Good dividend. Nothing flashy. They were buying community banks up until the financial crisis.
Had a misstep with a CEO who lasted just a year...right now, the head honcho is a smart and rich old geezer who's spent his entire career at FNB.
I don't think this will ever get to fifty bucks a share...but twenty, certainly. The timing is good to buy now...but long-term, the div is the most attractive component.
It's also weathered the crisis pretty well. Paid off the TARP, managed to raise capital privately, is loaning money (see today's headline), and has been profitable for the first three quarters of 2009.
I've recommended people buy it, along with SSW and LYG.
I agree with Turing. I have followed FNB for a few years now and am really impressed by this regional bank. Strong management. Healthy dividend. I see EPS at .80 to .90 by 2011. They probably will show EPS improvement by Q4 of 2010. THey already are making money and profitable. When they make money their shareholders make money. They will increase their dividend once their EPS gets back to what it was a year ago. Their beta is low, but the good part about that is there is lower risk here with the ability to still get a double in a year or more. I look forward to the financial conference this afternoon. I am dialing in. IMO accumulate weekly. You can't go wrong. Good luck in whatever you decide to do.