F.N.B. Corporation (NYSE:FNB) Given Consensus Recommendation of “Buy” by Brokerages

Shares of F.N.B. Corporation (NYSE:FNB) have received a consensus recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is $20.80.

FNB has been the topic of several recent research reports. Truist Financial lifted their target price on F.N.B. from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Wall Street Zen cut F.N.B. from a “hold” rating to a “sell” rating in a research note on Sunday. Piper Sandler raised their price objective on F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Finally, Wells Fargo & Company lifted their target price on F.N.B. from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, July 6th.

F.N.B. Price Performance

FNB stock opened at $19.09 on Thursday. The company has a market capitalization of $6.79 billion, a P/E ratio of 11.78, a PEG ratio of 0.97 and a beta of 0.84. The company has a fifty day moving average price of $18.15 and a 200-day moving average price of $17.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. F.N.B. has a 52-week low of $14.45 and a 52-week high of $19.58.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Friday, April 17th. The bank reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $450.00 million during the quarter, compared to the consensus estimate of $454.06 million. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.During the same period in the prior year, the business posted $0.32 earnings per share. As a group, equities analysts expect that F.N.B. will post 1.73 EPS for the current year.

Insider Activity at F.N.B.

In other news, insider Gary L. Guerrieri sold 19,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $18.53, for a total transaction of $352,070.00. Following the completion of the sale, the insider owned 298,097 shares of the company’s stock, valued at $5,523,737.41. This trade represents a 5.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FNB. Goldman Sachs Group Inc. grew its holdings in F.N.B. by 77.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock worth $20,353,000 after purchasing an additional 660,387 shares during the period. Rhino Investment Partners Inc raised its holdings in shares of F.N.B. by 47.8% during the first quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock valued at $20,188,000 after purchasing an additional 390,526 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of F.N.B. by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock valued at $14,112,000 after purchasing an additional 58,672 shares during the period. Congress Asset Management Co. boosted its position in shares of F.N.B. by 2.6% during the 4th quarter. Congress Asset Management Co. now owns 466,393 shares of the bank’s stock worth $7,975,000 after purchasing an additional 11,841 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of F.N.B. by 585.2% during the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock worth $5,990,000 after purchasing an additional 305,961 shares in the last quarter. 79.25% of the stock is owned by institutional investors.

F.N.B. Company Profile

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.