F.N.B. (NYSE:FNB) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

F.N.B. (NYSE:FNB) had its target price boosted by research analysts at Wells Fargo & Company from $20.00 to $21.00 in a note issued to investors on Monday, Marketbeat reports. The firm currently has an “overweight” rating on the bank’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 10.38% from the company’s current price.

FNB has been the topic of several other research reports. Truist Financial increased their target price on F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods lifted their price target on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th. Finally, Piper Sandler increased their price objective on shares of F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $20.60.

F.N.B. Stock Down 0.0%

Shares of FNB opened at $19.02 on Monday. The company has a market capitalization of $6.77 billion, a P/E ratio of 11.74, a PEG ratio of 0.90 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91. F.N.B. has a one year low of $14.45 and a one year high of $19.58. The business’s 50 day simple moving average is $17.97 and its 200-day simple moving average is $17.57.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.The business had revenue of $450.00 million for the quarter, compared to analyst estimates of $454.06 million. During the same period in the prior year, the company earned $0.32 EPS. As a group, sell-side analysts predict that F.N.B. will post 1.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $18.53, for a total transaction of $352,070.00. Following the transaction, the insider directly owned 298,097 shares in the company, valued at approximately $5,523,737.41. This represents a 5.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CoreCap Advisors LLC acquired a new stake in shares of F.N.B. during the fourth quarter worth $34,000. Root Financial Partners LLC boosted its holdings in F.N.B. by 66.8% during the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock worth $34,000 after buying an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in F.N.B. by 3,723.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after buying an additional 2,420 shares during the last quarter. Triumph Capital Management acquired a new position in shares of F.N.B. during the 3rd quarter worth about $55,000. Finally, Parallel Advisors LLC increased its stake in shares of F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after acquiring an additional 720 shares during 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.