F.N.B. Corporation’s (FNB) “Hold” Rating Reaffirmed at Royal Bank Of Canada
F.N.B. Corporation (NYSE:FNB)‘s stock had its “hold” rating reaffirmed by investment analysts at Royal Bank Of Canada in a note issued to investors on Friday. They presently have a $15.00 target price on the bank’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 10.38% from the company’s previous close.
Several other brokerages have also commented on FNB. ValuEngine upgraded shares of F.N.B. Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and issued a $18.00 price target on shares of F.N.B. Corporation in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.00 price objective on shares of F.N.B. Corporation in a research note on Tuesday, October 3rd. Finally, BidaskClub upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.39.
F.N.B. Corporation (NYSE FNB) opened at 13.59 on Friday. The firm’s 50-day moving average price is $13.41 and its 200 day moving average price is $13.73. The firm has a market cap of $4.37 billion, a PE ratio of 17.49 and a beta of 0.97. F.N.B. Corporation has a 52-week low of $12.02 and a 52-week high of $16.43.
F.N.B. Corporation (NYSE:FNB) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. F.N.B. Corporation had a net margin of 19.95% and a return on equity of 6.81%. The company had revenue of $291.38 million for the quarter, compared to analyst estimates of $299.47 million. During the same quarter last year, the business earned $0.24 earnings per share. On average, equities analysts anticipate that F.N.B. Corporation will post $0.94 earnings per share for the current year.
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In other F.N.B. Corporation news, insider Gary L. Guerrieri sold 7,000 shares of F.N.B. Corporation stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $13.19, for a total value of $92,330.00. Following the transaction, the insider now owns 38,407 shares in the company, valued at $506,588.33. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William B. Campbell sold 3,000 shares of F.N.B. Corporation stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $13.90, for a total transaction of $41,700.00. Following the completion of the transaction, the director now owns 84,370 shares in the company, valued at approximately $1,172,743. The disclosure for this sale can be found here. Insiders own 1.21% of the company’s stock.
A number of institutional investors have recently bought and sold shares of FNB. Ffcm LLC acquired a new position in F.N.B. Corporation in the 2nd quarter worth approximately $114,000. Stifel Financial Corp boosted its stake in F.N.B. Corporation by 1.9% in the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock worth $150,000 after purchasing an additional 202 shares during the period. Jane Street Group LLC acquired a new position in F.N.B. Corporation in the 1st quarter worth approximately $169,000. Park National Corp OH acquired a new position in F.N.B. Corporation in the 3rd quarter worth approximately $162,000. Finally, Round Table Services LLC acquired a new position in F.N.B. Corporation in the 2nd quarter worth approximately $172,000. 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.
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