F.N.B. Corp. Now Covered by Analysts at FIG Partners (FNB)
Stock analysts at FIG Partners started coverage on shares of F.N.B. Corp. (NYSE:FNB) in a report issued on Thursday, StockRatingsNetwork.com reports. The firm set a “market perform” rating and a $13.25 price target on the stock. FIG Partners’ price target suggests a potential upside of 9.23% from the company’s current price.
The analysts wrote, “We are initiating coverage of Hermitage, PA-based F.N.B. Corporation (FNB) at ‘Market-Perform’. Our Operating EPS estimates for 2013, 2014, and 2015 are $0.83, $0.90, and $1.01, respectively. Valuation considerations keep us on the sidelines as this high quality Mid Atlantic franchise is well positioned to deliver strong operating results and capitalize on offensive opportunities. Our 12-month Price Target of $13.25 assumes shares trade at ~14.7x our FY 2014 estimate and nearly 245% of our forward TBV estimate. These multiples are a premium to peer which we believe is justified given the company’s higher level of core profitability and solid EPS prospects. The core deposit premium, inclusive of pending acquisitions, is approximately 13%.”
F.N.B. Corp. (NYSE:FNB) traded down 1.32% on Thursday, hitting $11.97. The stock had a trading volume of 177,524 shares. F.N.B. Corp. has a 52 week low of $10.20 and a 52 week high of $13.35. The stock’s 50-day moving average is $12.29 and its 200-day moving average is $12.0. The company has a market cap of $1.719 billion and a P/E ratio of 14.61.
F.N.B. Corp. (NYSE:FNB) last announced its earnings results on Tuesday, July 23rd. The company reported $0.21 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.21. During the same quarter last year, the company posted $0.21 earnings per share. Analysts expect that F.N.B. Corp. will post $0.83 EPS for the current fiscal year.
FNB has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of F.N.B. Corp. (NYSE:FNB) from $12.50 to $13.00 in a research note to investors on Tuesday, September 24th. They now have a “buy” rating on the stock. Finally, analysts at Guggenheim downgraded shares of F.N.B. Corp. (NYSE:FNB) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, July 25th. They now have a $13.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. F.N.B. Corp. has a consensus rating of “Buy” and a consensus target price of $13.04.
F.N.B. Corporation is a financial holding company and a bank holding company. The Company has four business segments: Community Banking, Wealth Management, Insurance and Consumer Finance.
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