F.N.B. (NYSE:FNB) Downgraded to Sell Rating by Wall Street Zen

F.N.B. (NYSE:FNB) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

FNB has been the subject of a number of other reports. Wells Fargo & Company upped their price objective on F.N.B. from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Piper Sandler increased their price target on shares of F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Truist Financial boosted their price objective on shares of F.N.B. from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods increased their target price on shares of F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $20.80.

F.N.B. Price Performance

Shares of NYSE:FNB traded up $0.10 during trading on Friday, reaching $18.80. The company had a trading volume of 4,006,282 shares, compared to its average volume of 4,195,290. The company has a fifty day moving average of $18.09 and a two-hundred day moving average of $17.61. The stock has a market capitalization of $6.69 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 0.96 and a beta of 0.84. F.N.B. has a 12 month low of $14.45 and a 12 month high of $19.58. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Friday, April 17th. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. F.N.B. had a net margin of 21.64% and a return on equity of 8.94%. The company had revenue of $450.00 million during the quarter, compared to the consensus estimate of $454.06 million. During the same period in the previous year, the firm posted $0.32 EPS. Equities research analysts forecast that F.N.B. will post 1.73 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Gary L. Guerrieri sold 19,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional Trading of F.N.B.

Institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new position in shares of F.N.B. during the 4th quarter worth approximately $34,000. Root Financial Partners LLC boosted its position in shares of F.N.B. by 66.8% during the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after purchasing an additional 820 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 worth $36,000 after purchasing an additional 2,420 shares during the period. Triumph Capital Management purchased a new stake in F.N.B. in the third quarter worth $55,000. Finally, Parallel Advisors LLC raised its holdings in F.N.B. by 18.9% in the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after purchasing an additional 720 shares in the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

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.