DA Davidson Downgrades F.N.B. (NYSE:FNB) to Hold

F.N.B. (NYSE:FNB) was downgraded by equities researchers at DA Davidson from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Truist Financial increased their price objective on shares of F.N.B. from $18.00 to $18.50 and gave the company a “buy” rating in a research note on Monday. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $18.50 price target (up from $16.50) on shares of F.N.B. in a research report on Monday, July 21st. Wall Street Zen upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Wells Fargo & Company raised their price target on shares of F.N.B. from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, F.N.B. presently has an average rating of “Moderate Buy” and a consensus target price of $18.83.

F.N.B. Price Performance

Shares of FNB stock opened at $15.49 on Monday. The company has a market capitalization of $5.56 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.01 and a beta of 0.94. The firm has a fifty day simple moving average of $16.13 and a 200-day simple moving average of $14.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. F.N.B. has a twelve month low of $10.88 and a twelve month high of $17.70.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, June 20th. The bank reported $0.40 EPS for the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. The firm had revenue of $419.30 million for the quarter. Equities research analysts anticipate that F.N.B. will post 1.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On F.N.B.

Several large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. acquired a new position in F.N.B. during the 3rd quarter valued at about $1,097,000. Harbor Capital Advisors Inc. acquired a new position in F.N.B. during the 3rd quarter valued at about $872,000. Farther Finance Advisors LLC increased its stake in F.N.B. by 18.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,177 shares of the bank’s stock valued at $309,000 after buying an additional 2,945 shares during the period. GAMMA Investing LLC grew its stake in shares of F.N.B. by 5.6% in the 3rd quarter. GAMMA Investing LLC now owns 15,096 shares of the bank’s stock worth $243,000 after purchasing an additional 807 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of F.N.B. by 1.8% in the 2nd quarter. Captrust Financial Advisors now owns 87,304 shares of the bank’s stock worth $1,273,000 after purchasing an additional 1,514 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, 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.