F.N.B. (NYSE:FNB) Given Neutral Rating at Bank of America

Bank of America reiterated their neutral rating on shares of F.N.B. (NYSE:FNB) in a research report released on Monday morning, MarketBeat.com reports. The brokerage currently has a $19.00 target price on the bank’s stock, down from their prior target price of $20.00.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods lifted their price target on shares of F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Piper Sandler upped 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. Wall Street Zen raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday. Truist Financial lifted their target price on shares of F.N.B. from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Wells Fargo & Company boosted their price target on shares of F.N.B. from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.70.

F.N.B. Stock Down 2.1%

Shares of NYSE:FNB opened at $18.75 on Monday. The stock’s 50-day moving average is $18.22 and its 200 day moving average is $17.67. The company has a market cap of $6.68 billion, a PE ratio of 11.16, a P/E/G ratio of 0.98 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 1 year low of $14.45 and a 1 year high of $19.59.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, July 16th. The bank reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $465.77 million for the quarter, compared to analyst estimates of $467.13 million. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.During the same period last year, the company earned $0.36 EPS. Sell-side analysts anticipate that F.N.B. will post 1.73 EPS for the current year.

Insiders Place Their Bets

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of the stock in a transaction on Friday, June 12th. The stock was 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 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 Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.

Institutional Trading of F.N.B.

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in F.N.B. by 4.3% during the fourth quarter. GAMMA Investing LLC now owns 15,745 shares of the bank’s stock worth $269,000 after acquiring an additional 649 shares in the last quarter. Parallel Advisors LLC grew its holdings in F.N.B. by 18.9% in the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after purchasing an additional 720 shares during the period. Quent Capital LLC increased its stake in shares of F.N.B. by 6.6% during the fourth quarter. Quent Capital LLC now owns 11,823 shares of the bank’s stock valued at $202,000 after purchasing an additional 734 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of F.N.B. by 66.8% during the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after purchasing an additional 820 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of F.N.B. by 9.7% during the second quarter. Versant Capital Management Inc now owns 11,861 shares of the bank’s stock valued at $226,000 after purchasing an additional 1,044 shares during the last quarter. 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.