F.N.B. (NYSE:FNB) Stock Rating Upgraded by Wall Street Zen

F.N.B. (NYSE:FNBGet Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Monday.

Several other equities research analysts have also recently issued reports on FNB. Piper Sandler raised their price objective on shares of 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 reiterated a “buy (b)” rating on shares of F.N.B. in a report on Tuesday, June 9th. Keefe, Bruyette & Woods raised their price target on shares of F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Wells Fargo & Company raised their price target on shares of F.N.B. from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Finally, Truist Financial lifted their price target on shares of F.N.B. from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, F.N.B. presently has a consensus rating of “Buy” and an average target price of $20.80.

Check Out Our Latest Stock Analysis on F.N.B.

F.N.B. Price Performance

FNB opened at $19.07 on Monday. The business’s 50-day moving average is $18.20 and its two-hundred day moving average is $17.66. F.N.B. has a 1 year low of $14.45 and a 1 year high of $19.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market capitalization of $6.79 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.98 and a beta of 0.84.

F.N.B. (NYSE:FNBGet Free Report) last released its quarterly 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. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. The business had revenue of $465.77 million for the quarter, compared to analyst estimates of $467.13 million. During the same period in the previous year, the company earned $0.36 earnings per share. Research analysts anticipate that F.N.B. will post 1.73 earnings per share for the current fiscal year.

Insider Activity at F.N.B.

In related news, insider Gary L. Guerrieri sold 19,000 shares of the company’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 transaction, the insider owned 298,097 shares of the company’s stock, valued at $5,523,737.41. This represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of F.N.B.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. acquired a new position in F.N.B. during the first quarter worth about $3,381,000. Horizon Investments LLC acquired a new stake in shares of F.N.B. during the 4th quarter valued at approximately $2,182,000. SG Americas Securities LLC lifted 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 valued at $5,990,000 after acquiring an additional 305,961 shares during the period. Root Financial Partners LLC boosted its stake in shares of F.N.B. by 66.8% during the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock worth $34,000 after acquiring an additional 820 shares in the last quarter. Finally, Danske Bank A S boosted its stake in shares of F.N.B. by 32.1% during the 4th quarter. Danske Bank A S now owns 7,000 shares of the bank’s stock worth $120,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Key F.N.B. News

Here are the key news stories impacting F.N.B. this week:

F.N.B. Company Profile

(Get Free Report)

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.

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

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