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

Wall Street Zen downgraded shares of F.N.B. (NYSE:FNB) from a hold rating to a sell rating in a research note released on Tuesday.

FNB has been the topic of a number of other reports. Wells Fargo & Company lifted their price target on F.N.B. from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Truist Financial reduced their price objective on F.N.B. from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Monday, July 20th. Keefe, Bruyette & Woods raised their target price 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 reiterated a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Finally, Bank of America reissued a “neutral” rating and issued a $19.00 price target (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and an average price target of $20.70.

F.N.B. Trading Up 1.6%

Shares of FNB stock opened at $19.13 on Tuesday. 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 company has a 50-day simple moving average of $18.43 and a two-hundred day simple moving average of $17.74. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.19 and a beta of 0.84.

F.N.B. (NYSE:FNB) last posted its earnings results on Thursday, July 16th. The bank reported $0.42 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 firm had revenue of $465.77 million for the quarter, compared to analysts’ expectations of $467.13 million. During the same quarter last year, the firm earned $0.36 EPS. Research analysts anticipate that F.N.B. will post 1.69 EPS 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 that occurred 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 transaction, the insider owned 298,097 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Institutional Trading of F.N.B.

A number of large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of F.N.B. by 77.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after buying an additional 660,387 shares during the last quarter. Rhino Investment Partners Inc increased its holdings in F.N.B. by 47.8% in the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock worth $20,188,000 after acquiring an additional 390,526 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in F.N.B. by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock valued at $14,112,000 after acquiring an additional 58,672 shares during the period. SG Americas Securities LLC raised its stake in 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 acquiring an additional 305,961 shares during the period. Finally, Royal Bank of Canada lifted its holdings in F.N.B. by 11.6% during the first quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock valued at $3,692,000 after purchasing an additional 28,570 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

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.