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 equities research analysts at Wells Fargo & Company from $16.00 to $18.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 13.74% from the stock’s previous close.

A number of other research firms also recently issued reports on FNB. DA Davidson reissued a “buy” rating and set a $19.00 price target on shares of F.N.B. in a research report on Thursday, April 17th. Keefe, Bruyette & Woods raised F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price target on the stock in a research report on Monday, April 21st. Truist Financial started coverage on F.N.B. in a research report on Tuesday, May 13th. They set a “buy” rating and a $16.50 price target on the stock. Finally, Wall Street Zen downgraded F.N.B. from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

F.N.B. Stock Performance

Shares of F.N.B. stock opened at $15.83 on Thursday. The stock’s fifty day moving average is $14.31 and its two-hundred day moving average is $14.20. The company has a market capitalization of $5.69 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.15 and a beta of 0.92. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. F.N.B. has a 52 week low of $10.88 and a 52 week high of $17.70.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $411.61 million for the quarter, compared to the consensus estimate of $409.52 million. F.N.B. had a return on equity of 7.97% and a net margin of 17.78%. During the same quarter in the prior year, the company posted $0.34 EPS. As a group, analysts expect that F.N.B. will post 1.45 earnings per share for the current year.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds have recently made changes to their positions in FNB. Proficio Capital Partners LLC purchased a new stake in F.N.B. in the fourth quarter valued at about $177,000. Charles Schwab Investment Management Inc. raised its stake in F.N.B. by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock valued at $58,239,000 after buying an additional 51,862 shares during the last quarter. Victory Capital Management Inc. raised its stake in F.N.B. by 3.1% in the fourth quarter. Victory Capital Management Inc. now owns 127,925 shares of the bank’s stock valued at $1,891,000 after buying an additional 3,801 shares during the last quarter. Arizona State Retirement System raised its stake in F.N.B. by 0.7% in the fourth quarter. Arizona State Retirement System now owns 104,354 shares of the bank’s stock valued at $1,542,000 after buying an additional 765 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in F.N.B. in the fourth quarter valued at about $15,801,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.