F.N.B. Corporation (FNB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
F.N.B. Corporation (NYSE:FNB)‘s stock had its “hold” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research note issued on Tuesday. They presently have a $15.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 8.38% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. Boenning Scattergood reiterated a “hold” rating on shares of F.N.B. Corporation in a research note on Friday, July 21st. BidaskClub cut shares of F.N.B. Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and set a $18.00 price objective on shares of F.N.B. Corporation in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, ValuEngine upgraded shares of F.N.B. Corporation from a “hold” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. F.N.B. Corporation presently has an average rating of “Buy” and an average target price of $17.39.
Shares of F.N.B. Corporation (FNB) opened at 13.84 on Tuesday. The company has a market capitalization of $4.45 billion, a P/E ratio of 17.81 and a beta of 0.97. The stock’s 50 day moving average is $13.04 and its 200 day moving average is $13.79. F.N.B. Corporation has a 12 month low of $12.02 and a 12 month high of $16.43.
F.N.B. Corporation (NYSE:FNB) last posted its earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The firm had revenue of $284.50 million during the quarter, compared to analysts’ expectations of $294.39 million. During the same period in the previous year, the business posted $0.22 EPS. The business’s revenue was up 24.8% compared to the same quarter last year. On average, equities analysts predict that F.N.B. Corporation will post $0.95 EPS for the current fiscal year.
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In related news, Director William B. Campbell sold 3,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $13.90, for a total value of $41,700.00. Following the completion of the sale, the director now owns 84,370 shares of the company’s stock, valued at $1,172,743. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary L. Guerrieri sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $13.19, for a total transaction of $92,330.00. Following the completion of the sale, the insider now directly owns 38,407 shares of the company’s stock, valued at approximately $506,588.33. The disclosure for this sale can be found here. 1.21% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in FNB. Ffcm LLC purchased a new stake in shares of F.N.B. Corporation in the second quarter valued at about $114,000. Stifel Financial Corp grew its holdings in shares of F.N.B. Corporation by 1.9% in the second quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after purchasing an additional 202 shares during the period. Park National Corp OH purchased a new stake in shares of F.N.B. Corporation in the third quarter valued at about $162,000. Jane Street Group LLC purchased a new stake in shares of F.N.B. Corporation in the first quarter valued at about $169,000. Finally, Round Table Services LLC purchased a new stake in shares of F.N.B. Corporation in the second quarter valued at about $172,000. 76.41% of the stock is owned by hedge funds and other institutional investors.
About F.N.B. Corporation
F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.
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