F.N.B. (FNB) Upgraded at ValuEngine
F.N.B. (NYSE:FNB) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Several other brokerages also recently commented on FNB. TheStreet upgraded shares of F.N.B. from a “c+” rating to a “b” rating in a research report on Tuesday, May 29th. Raymond James downgraded shares of F.N.B. from a “strong-buy” rating to an “outperform” rating and set a $19.00 price objective on the stock. in a research report on Wednesday, July 25th. Boenning Scattergood restated a “buy” rating on shares of F.N.B. in a research report on Wednesday, July 25th. Finally, Zacks Investment Research downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.33.
Shares of FNB stock traded up $0.09 on Tuesday, hitting $13.54. 1,768,800 shares of the stock traded hands, compared to its average volume of 2,531,411. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.29 and a beta of 0.90. F.N.B. has a 52 week low of $12.02 and a 52 week high of $14.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.82 and a quick ratio of 0.82.
In related news, Director Frank C. Mencini purchased 2,000 shares of F.N.B. stock in a transaction on Monday, August 13th. The shares were bought at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the acquisition, the director now owns 32,681 shares in the company, valued at approximately $427,140.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.63% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in FNB. Wells Fargo & Company MN increased its holdings in F.N.B. by 6.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,085,496 shares of the bank’s stock valued at $14,600,000 after acquiring an additional 64,952 shares during the last quarter. Virginia Retirement Systems ET AL increased its holdings in F.N.B. by 75.4% in the 1st quarter. Virginia Retirement Systems ET AL now owns 98,600 shares of the bank’s stock valued at $1,326,000 after acquiring an additional 42,400 shares during the last quarter. Victory Capital Management Inc. bought a new stake in F.N.B. in the 1st quarter valued at $10,315,000. Prudential Financial Inc. increased its holdings in F.N.B. by 139.4% in the 1st quarter. Prudential Financial Inc. now owns 490,444 shares of the bank’s stock valued at $6,596,000 after acquiring an additional 285,570 shares during the last quarter. Finally, Swiss National Bank increased its holdings in F.N.B. by 2.2% in the 1st quarter. Swiss National Bank now owns 562,715 shares of the bank’s stock valued at $7,569,000 after acquiring an additional 12,200 shares during the last quarter. Institutional investors own 81.35% of the company’s stock.
F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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