F.N.B. Corporation (NYSE:FNB) Receives $20.80 Average PT from Analysts

F.N.B. Corporation (NYSE:FNB) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.70.

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday. Keefe, Bruyette & Woods upped their price objective on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a report on Tuesday, June 9th. Wells Fargo & Company boosted their price target 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. Finally, Bank of America reissued a “neutral” rating and issued a $19.00 price objective (down from $20.00) on shares of F.N.B. in a report on Monday.

Insider Buying and Selling

In related news, insider Gary L. Guerrieri sold 19,000 shares of the company’s stock in a transaction dated 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 represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On F.N.B.

Several hedge funds and other institutional investors have recently made changes to their positions in FNB. Goldman Sachs Group Inc. increased its stake 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 valued at $20,353,000 after acquiring an additional 660,387 shares during the last quarter. Rhino Investment Partners Inc lifted its stake in 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 worth $20,188,000 after purchasing an additional 390,526 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of F.N.B. by 585.2% in the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock valued at $5,990,000 after purchasing an additional 305,961 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of F.N.B. in the 1st quarter valued at $3,381,000. Finally, BNP Paribas Financial Markets increased its stake in shares of F.N.B. by 454.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 220,357 shares of the bank’s stock valued at $3,550,000 after purchasing an additional 180,610 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Price Performance

Shares of FNB opened at $18.89 on Thursday. The firm has a market capitalization of $6.73 billion, a PE ratio of 11.25, a P/E/G ratio of 1.21 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 debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a 50 day simple moving average of $18.29 and a 200 day simple moving average of $17.70.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, July 16th. The bank reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates 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 last year, the business posted $0.36 earnings per share. Sell-side analysts predict that F.N.B. will post 1.7 EPS for the current fiscal year.

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.