F.N.B. (NYSE:FNB) Stock Rating Upgraded by Wall Street Zen

F.N.B. (NYSE:FNB) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Monday.

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

F.N.B. Price Performance

F.N.B. stock opened at $19.09 on Monday. The firm has a market capitalization of $6.80 billion, a P/E ratio of 11.37, a PEG ratio of 0.98 and a beta of 0.84. F.N.B. has a 1 year low of $14.45 and a 1 year high of $19.59. The business has a 50-day moving average of $18.26 and a 200-day moving average of $17.69. 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 announced its quarterly earnings results on Thursday, July 16th. The bank reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $465.77 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $0.36 EPS. On average, equities analysts anticipate that F.N.B. will post 1.7 EPS for the current year.

Insider Activity

In related news, insider Gary L. Guerrieri sold 19,000 shares of the business’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 completion of the transaction, the insider directly owned 298,097 shares in the company, valued at approximately $5,523,737.41. The trade was a 5.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FNB. Royal Bank of Canada raised its holdings in shares of F.N.B. by 11.6% during the first quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock worth $3,692,000 after acquiring an additional 28,570 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in F.N.B. by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank’s stock valued at $2,058,000 after acquiring an additional 29,248 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock worth $20,353,000 after purchasing an additional 660,387 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 worth $14,112,000 after purchasing an additional 58,672 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in F.N.B. by 3,723.1% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

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.