F.N.B. (NYSE:FNB) Upgraded by Wall Street Zen to “Hold” Rating

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

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

F.N.B. Trading Down 2.1%

Shares of FNB stock opened at $18.75 on Monday. The company’s fifty day simple moving average is $18.22 and its two-hundred day simple moving average is $17.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91. F.N.B. has a 1 year low of $14.45 and a 1 year high of $19.59. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 0.98 and a beta of 0.84.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results 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 return on equity of 9.10% and a net margin of 22.29%.The firm had revenue of $465.77 million during the quarter, compared to analyst estimates of $467.13 million. During the same period last year, the company earned $0.36 earnings per share. As a group, analysts anticipate that F.N.B. will post 1.73 earnings per share for the current year.

Insider Activity

In related news, insider Gary L. Guerrieri sold 19,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $18.53, for a total value of $352,070.00. Following the sale, the insider owned 298,097 shares in the company, valued at approximately $5,523,737.41. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

A number of institutional investors have recently added to or reduced their stakes in FNB. CoreCap Advisors LLC bought a new stake in shares of F.N.B. during the 4th quarter valued at about $34,000. Root Financial Partners LLC increased its position in shares of F.N.B. by 66.8% in the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock worth $34,000 after purchasing an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of 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 last quarter. Triumph Capital Management purchased a new stake in F.N.B. in the third quarter valued at approximately $55,000. Finally, Parallel Advisors LLC raised its stake in F.N.B. by 18.9% in the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after purchasing an additional 720 shares in the last quarter. 79.25% of the stock is currently owned by 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.