F.N.B. (NYSE:FNB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of F.N.B. (NYSE:FNB) from a sell rating to a hold rating in a research report sent to investors on Monday.

A number of other equities analysts have also issued reports on the company. Piper Sandler raised their target price on F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods increased their price objective on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Wells Fargo & Company raised their price objective on F.N.B. from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, Truist Financial raised their price objective on F.N.B. from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and a consensus target price of $20.70.

F.N.B. Trading Down 1.0%

F.N.B. stock opened at $18.89 on Monday. The stock has a 50-day moving average of $18.29 and a two-hundred day moving average of $17.70. 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 one year low of $14.45 and a one year high of $19.59. The stock has a market cap of $6.73 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.21 and a beta of 0.84.

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

Insider Activity

In related news, insider Gary L. Guerrieri sold 19,000 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 298,097 shares in the company, valued at $5,523,737.41. The trade was a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On F.N.B.

Institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. acquired a new position in F.N.B. in the first quarter valued at approximately $3,381,000. Horizon Investments LLC acquired a new stake in shares of F.N.B. during the 4th quarter worth approximately $2,182,000. SG Americas Securities LLC grew its stake 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 during the period. EverSource Wealth Advisors LLC increased its holdings in shares of F.N.B. by 61.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock valued at $62,000 after purchasing an additional 1,369 shares in the last quarter. Finally, Gibson Capital LLC increased its holdings in shares of F.N.B. by 19.7% during the 4th quarter. Gibson Capital LLC now owns 21,776 shares of the bank’s stock valued at $372,000 after purchasing an additional 3,578 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.