F.N.B. (NYSE:FNB) Cut to “Sell” at Wall Street Zen

F.N.B. (NYSE:FNB) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Several other research firms also recently weighed in on FNB. Wells Fargo & Company boosted their target price on F.N.B. from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th. Keefe, Bruyette & Woods boosted their price objective on shares of F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Truist Financial cut their price objective on shares of F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.70.

F.N.B. Stock Down 1.0%

Shares of NYSE:FNB opened at $18.86 on Tuesday. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.21 and a beta of 0.84. F.N.B. has a 12 month low of $14.45 and a 12 month high of $19.59. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $18.39 and a 200 day moving average price of $17.73.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, July 16th. The bank reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.The company had revenue of $465.77 million for the quarter, compared to analysts’ expectations of $467.13 million. During the same period in the previous year, the firm posted $0.36 earnings per share. As a group, equities research analysts predict that F.N.B. will post 1.69 earnings per share for the current year.

Insider Transactions at F.N.B.

In related news, insider Gary L. Guerrieri sold 19,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $18.53, for a total transaction of $352,070.00. Following the completion of the transaction, the insider owned 298,097 shares in the company, valued at $5,523,737.41. The trade was a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Institutional Trading of F.N.B.

A number of hedge funds and other institutional investors have recently bought and sold shares of FNB. Hillsdale Investment Management Inc. bought a new position in F.N.B. in the 1st quarter worth about $3,381,000. Horizon Investments LLC bought a new stake in shares of F.N.B. during the fourth quarter valued at approximately $2,182,000. SG Americas Securities LLC raised its stake in shares of F.N.B. by 585.2% during the first quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock valued at $5,990,000 after acquiring an additional 305,961 shares in the last quarter. Syon Capital LLC boosted its holdings in shares of F.N.B. by 22.6% in the fourth quarter. Syon Capital LLC now owns 38,084 shares of the bank’s stock valued at $651,000 after purchasing an additional 7,014 shares during the period. Finally, Rothschild Investment LLC grew its stake in F.N.B. by 147.4% in the fourth quarter. Rothschild Investment LLC now owns 16,115 shares of the bank’s stock worth $276,000 after purchasing an additional 9,602 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

About F.N.B.

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.