Analysts Set F.N.B. Corporation (NYSE:FNB) Price Target at $20.80

Shares of F.N.B. Corporation (NYSE:FNBGet Free Report) have received a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $20.80.

Several analysts have issued reports on the company. Wall Street Zen lowered F.N.B. from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Piper Sandler lifted their target price on shares of F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Truist Financial boosted their price objective on F.N.B. from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Keefe, Bruyette & Woods increased their price target on shares of F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th.

Check Out Our Latest Stock Analysis on FNB

F.N.B. Trading Down 2.1%

NYSE FNB opened at $19.07 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $18.20 and its two-hundred day simple moving average is $17.66. F.N.B. has a twelve month low of $14.45 and a twelve month high of $19.59. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.98 and a beta of 0.84.

F.N.B. (NYSE:FNBGet Free Report) last posted its quarterly earnings data on Thursday, July 16th. The bank reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $465.77 million during the quarter, compared to analysts’ expectations of $467.13 million. F.N.B. had a return on equity of 9.14% and a net margin of 22.29%.During the same period in the prior year, the business earned $0.36 EPS. Research analysts forecast that F.N.B. will post 1.73 EPS for the current fiscal year.

Key Headlines Impacting F.N.B.

Here are the key news stories impacting F.N.B. this week:

Insider Buying and Selling at F.N.B.

In other news, insider Gary L. Guerrieri sold 19,000 shares of the 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 completion of the sale, 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 ownership of the stock. 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 Investors Weigh In On F.N.B.

Several institutional investors and hedge funds have recently bought and sold shares of FNB. CoreCap Advisors LLC bought a new position in shares of F.N.B. during the fourth quarter valued at approximately $34,000. Root Financial Partners LLC boosted its holdings in F.N.B. by 66.8% in the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after acquiring an additional 820 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in F.N.B. by 3,723.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,420 shares in the last quarter. Triumph Capital Management purchased a new position in F.N.B. during the 3rd quarter valued at $55,000. Finally, Parallel Advisors LLC increased its position in F.N.B. by 18.9% during the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after purchasing an additional 720 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

About F.N.B.

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for F.N.B. (NYSE:FNB)

Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.