F.N.B. Corporation (FNB) Given Average Recommendation of “Buy” by Analysts
Shares of F.N.B. Corporation (NYSE:FNB) have been given a consensus recommendation of “Buy” by the fourteen ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $17.72.
A number of equities research analysts recently weighed in on FNB shares. FBR & Co restated a “buy” rating and issued a $19.00 target price on shares of F.N.B. Corporation in a report on Wednesday, April 26th. Zacks Investment Research lowered shares of F.N.B. Corporation from a “hold” rating to a “sell” rating in a report on Friday, April 28th. Jefferies Group LLC set a $18.00 target price on shares of F.N.B. Corporation and gave the stock a “buy” rating in a report on Saturday, May 6th. J P Morgan Chase & Co upgraded shares of F.N.B. Corporation from a “neutral” rating to an “overweight” rating and set a $17.50 target price on the stock in a report on Tuesday, May 23rd. Finally, Wells Fargo & Company started coverage on shares of F.N.B. Corporation in a report on Friday, June 2nd. They issued an “outperform” rating on the stock.
Shares of F.N.B. Corporation (NYSE FNB) traded down 0.497% during mid-day trading on Friday, reaching $13.015. The company had a trading volume of 206,631 shares. F.N.B. Corporation has a one year low of $11.86 and a one year high of $16.43. The stock has a 50 day moving average of $13.85 and a 200-day moving average of $14.45. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 16.750 and a beta of 0.94.
F.N.B. Corporation (NYSE:FNB) last posted its earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share for the quarter, hitting the Zacks’ 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 company had revenue of $284.50 million for the quarter, compared to analyst estimates of $294.39 million. During the same quarter in the prior year, the business posted $0.22 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year. Equities analysts predict that F.N.B. Corporation will post $0.95 EPS for the current year.
In other news, Director Frank C. Mencini acquired 2,500 shares of F.N.B. Corporation stock in a transaction on Tuesday, August 8th. The stock was acquired at an average cost of $13.57 per share, with a total value of $33,925.00. Following the transaction, the director now owns 19,977 shares of the company’s stock, valued at approximately $271,087.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William B. Campbell sold 3,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $13.90, for a total transaction of $41,700.00. Following the completion of the sale, the director now directly owns 84,370 shares of the company’s stock, valued at $1,172,743. The disclosure for this sale can be found here. Corporate insiders own 1.21% of the company’s stock.
A number of large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of F.N.B. Corporation by 25,256.7% in the first quarter. BlackRock Inc. now owns 36,800,404 shares of the bank’s stock worth $547,224,000 after buying an additional 36,655,273 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of F.N.B. Corporation by 55.1% in the first quarter. Vanguard Group Inc. now owns 26,358,126 shares of the bank’s stock worth $391,945,000 after buying an additional 9,358,583 shares during the last quarter. State Street Corp increased its stake in shares of F.N.B. Corporation by 44.6% in the first quarter. State Street Corp now owns 17,551,631 shares of the bank’s stock worth $260,994,000 after buying an additional 5,411,024 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of F.N.B. Corporation by 21.8% in the first quarter. Dimensional Fund Advisors LP now owns 15,455,870 shares of the bank’s stock worth $229,830,000 after buying an additional 2,768,360 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of F.N.B. Corporation by 16.6% in the second quarter. Neuberger Berman Group LLC now owns 11,400,820 shares of the bank’s stock worth $161,436,000 after buying an additional 1,620,392 shares during the last quarter. 75.89% of the stock is owned by institutional investors and hedge funds.
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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