F.N.B. Corporation (FNB) Receives Hold Rating from Keefe, Bruyette & Woods
F.N.B. Corporation (NYSE:FNB)‘s stock had its “hold” rating reissued by research analysts at Keefe, Bruyette & Woods in a note issued to investors on Tuesday. They currently have a $15.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 6.99% from the company’s previous close.
FNB has been the subject of several other reports. BidaskClub downgraded F.N.B. Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research raised F.N.B. Corporation from a “sell” rating to a “hold” rating in a research report on Monday. Royal Bank Of Canada reiterated a “hold” rating and issued a $15.00 price target on shares of F.N.B. Corporation in a research note on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $18.00 price target on shares of F.N.B. Corporation in a research note on Friday, August 11th. Finally, Boenning Scattergood raised shares of F.N.B. Corporation from a “neutral” rating to an “outperform” rating in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $17.45.
F.N.B. Corporation (NYSE FNB) traded down 0.64% on Tuesday, hitting $14.02. The stock had a trading volume of 2,505,250 shares. F.N.B. Corporation has a 1-year low of $12.02 and a 1-year high of $16.43. The company has a market cap of $4.50 billion, a P/E ratio of 18.04 and a beta of 0.97. The stock has a 50 day moving average price of $13.02 and a 200 day moving average price of $13.79.
F.N.B. Corporation (NYSE:FNB) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23. F.N.B. Corporation had a return on equity of 6.97% and a net margin of 19.43%. The business had revenue of $284.50 million during the quarter, compared to analysts’ expectations of $294.39 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts expect that F.N.B. Corporation will post $0.95 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2017/10/03/f-n-b-corporation-fnb-receives-hold-rating-from-keefe-bruyette-woods.html.
In other news, insider Gary L. Guerrieri sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $13.19, for a total transaction of $92,330.00. Following the sale, the insider now owns 38,407 shares of the company’s stock, valued at approximately $506,588.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank C. Mencini purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average cost of $13.57 per share, for a total transaction of $33,925.00. Following the acquisition, the director now owns 19,977 shares in the company, valued at $271,087.89. The disclosure for this purchase can be found here. 1.21% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of F.N.B. Corporation by 25,256.7% during the first quarter. BlackRock Inc. now owns 36,800,404 shares of the bank’s stock valued at $547,224,000 after purchasing an additional 36,655,273 shares during the last quarter. Vanguard Group Inc. boosted its holdings in F.N.B. Corporation by 55.1% in the first quarter. Vanguard Group Inc. now owns 26,358,126 shares of the bank’s stock worth $391,945,000 after purchasing an additional 9,358,583 shares during the last quarter. Wellington Management Group LLP purchased a new stake in F.N.B. Corporation in the first quarter worth approximately $96,046,000. State Street Corp boosted its holdings in F.N.B. Corporation by 44.6% in the first quarter. State Street Corp now owns 17,551,631 shares of the bank’s stock worth $260,994,000 after purchasing an additional 5,411,024 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in F.N.B. Corporation by 21.8% in the first quarter. Dimensional Fund Advisors LP now owns 15,455,870 shares of the bank’s stock worth $229,830,000 after purchasing an additional 2,768,360 shares during the last quarter. Hedge funds and other institutional investors own 76.41% of the company’s stock.
About F.N.B. Corporation
F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.
Receive News & Ratings for F.N.B. Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. Corporation and related companies with MarketBeat.com's FREE daily email newsletter.