Jefferies Group Reaffirms “Buy” Rating for F.N.B. (FNB)

F.N.B. (NYSE:FNB)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group in a research note issued to investors on Thursday. They presently have a $17.00 price target on the bank’s stock. Jefferies Group’s price objective points to a potential upside of 18.06% from the company’s previous close.

A number of other brokerages have also weighed in on FNB. ValuEngine raised F.N.B. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised F.N.B. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, January 3rd. Stephens started coverage on F.N.B. in a research report on Wednesday, December 13th. They set an “equal weight” rating on the stock. Boenning Scattergood assumed coverage on F.N.B. in a research report on Tuesday. They set a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.50 price target on shares of F.N.B. in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $17.10.

Shares of F.N.B. (FNB) traded down $0.08 during trading hours on Thursday, hitting $14.40. The stock had a trading volume of 1,969,158 shares, compared to its average volume of 2,480,000. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.82 and a quick ratio of 0.82. F.N.B. has a one year low of $12.02 and a one year high of $16.33. The firm has a market capitalization of $4,660.00, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.96.

F.N.B. (NYSE:FNB) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. F.N.B. had a return on equity of 6.69% and a net margin of 16.00%. The company had revenue of $295.14 million for the quarter, compared to analyst estimates of $295.89 million. During the same period in the prior year, the firm earned $0.24 earnings per share. research analysts anticipate that F.N.B. will post 1.14 EPS for the current year.

In related news, insider Robert M. Moorehead purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average cost of $13.46 per share, with a total value of $67,300.00. Following the transaction, the insider now owns 25,312 shares of the company’s stock, valued at approximately $340,699.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank C. Mencini purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average cost of $12.93 per share, with a total value of $25,860.00. The disclosure for this purchase can be found here. Insiders purchased a total of 8,500 shares of company stock valued at $113,350 over the last three months. 1.21% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Franklin Street Advisors Inc. NC purchased a new stake in shares of F.N.B. during the 4th quarter valued at $139,000. Stifel Financial Corp increased its position in shares of F.N.B. by 1.9% during the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after purchasing an additional 202 shares during the last quarter. First Allied Advisory Services Inc. purchased a new stake in shares of F.N.B. during the 3rd quarter valued at $150,000. Park National Corp OH purchased a new stake in shares of F.N.B. during the 3rd quarter valued at $162,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of F.N.B. during the 3rd quarter valued at $163,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

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About F.N.B.

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.

Analyst Recommendations for F.N.B. (NYSE:FNB)

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