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

F.N.B. (NYSE:FNB) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other brokerages have also recently issued reports on FNB. Wells Fargo & Company boosted their price objective on F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Truist Financial dropped their target price on F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Monday, July 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 research report on Monday, April 20th. Bank of America reissued a “neutral” rating and issued a $19.00 price target (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, F.N.B. presently has an average rating of “Buy” and an average price target of $20.90.

F.N.B. Trading Down 0.1%

Shares of F.N.B. stock opened at $19.46 on Friday. The stock has a market cap of $6.87 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.24 and a beta of 0.85. The firm has a fifty day moving average price of $18.86 and a 200 day moving average price of $17.90. F.N.B. has a 1 year low of $14.45 and a 1 year high of $19.59. 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. (NYSE:FNB) last posted its quarterly earnings results on Friday, July 17th. The bank reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $463.00 million for the quarter, compared to analyst estimates of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same period in the prior year, the company earned $0.36 earnings per share. Equities research analysts predict that F.N.B. will post 1.69 earnings per share for the current year.

Insider Activity

In related news, insider Bryant Mitchell David sold 4,055 shares of F.N.B. stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $19.25, for a total value of $78,058.75. Following the completion of the transaction, the insider owned 144,283 shares in the company, valued at $2,777,447.75. The trade was a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary L. Guerrieri sold 19,000 shares of F.N.B. stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the transaction, the insider owned 298,097 shares of the company’s stock, valued at approximately $5,523,737.41. This represents a 5.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

Hedge funds have recently bought and sold shares of the business. Pinnacle Holdings LLC acquired a new stake in F.N.B. in the second quarter valued at approximately $135,000. Handelsbanken Fonder AB raised its stake in shares of F.N.B. by 35.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 126,431 shares of the bank’s stock worth $2,412,000 after buying an additional 33,400 shares during the period. GAMMA Investing LLC raised its stake in shares of F.N.B. by 9.8% during the 2nd quarter. GAMMA Investing LLC now owns 19,457 shares of the bank’s stock worth $371,000 after buying an additional 1,737 shares during the period. Versant Capital Management Inc raised its stake in shares of F.N.B. by 9.7% during the 2nd quarter. Versant Capital Management Inc now owns 11,861 shares of the bank’s stock worth $226,000 after buying an additional 1,044 shares during the period. Finally, Rhino Investment Partners Inc lifted its position in shares of F.N.B. by 47.8% during the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock valued at $20,188,000 after buying an additional 390,526 shares in the last quarter. Hedge funds and other institutional investors 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.