Truist Financial Has Lowered Expectations for F.N.B. (NYSE:FNB) Stock Price

F.N.B. (NYSE:FNB) had its price target dropped by equities research analysts at Truist Financial from $21.00 to $20.50 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. Truist Financial’s price target points to a potential upside of 7.36% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Bank of America reissued a “neutral” rating and set a $19.00 price objective (down from $20.00) on shares of F.N.B. in a research report on Monday. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods increased their price target on F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, Wells Fargo & Company raised their price objective on F.N.B. from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and an average target price of $20.70.

F.N.B. Stock Performance

Shares of FNB stock opened at $19.09 on Monday. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.84. F.N.B. has a 52 week low of $14.45 and a 52 week high of $19.59. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $18.26 and a 200-day moving average of $17.69.

F.N.B. (NYSE:FNB) last issued its earnings results on Thursday, July 16th. The bank reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $465.77 million for the quarter, compared to analyst estimates of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same period in the prior year, the firm earned $0.36 earnings per share. On average, equities analysts forecast that F.N.B. will post 1.7 earnings per share for the current year.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the transaction, the insider directly owned 298,097 shares of the company’s stock, valued at approximately $5,523,737.41. This trade represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently made changes to their positions in FNB. Royal Bank of Canada boosted its stake in F.N.B. by 11.6% during the 1st quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock valued at $3,692,000 after purchasing an additional 28,570 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of F.N.B. by 23.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank’s stock worth $2,058,000 after purchasing an additional 29,248 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of F.N.B. by 5.9% in 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 worth $14,112,000 after purchasing an additional 58,672 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of F.N.B. by 3,723.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,420 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

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.