F.N.B. (NYSE:FNB) Price Target Cut to $20.50 by Analysts at Truist Financial

F.N.B. (NYSE:FNB) had its price objective trimmed by Truist Financial from $21.00 to $20.50 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the bank’s stock.

A number of other research analysts have also weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th. Wall Street Zen raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday. Bank of America reissued a “neutral” rating and set a $19.00 target price (down from $20.00) on shares of F.N.B. in a research report on Monday. Wells Fargo & Company lifted their target price on shares of F.N.B. from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, Keefe, Bruyette & Woods boosted their target price on F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.70.

F.N.B. Price Performance

Shares of NYSE:FNB opened at $18.75 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $18.22 and its two-hundred day simple moving average is $17.67. F.N.B. has a 1-year low of $14.45 and a 1-year high of $19.59. The stock has a market cap of $6.68 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.84.

F.N.B. (NYSE:FNB) 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. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. The firm had revenue of $465.77 million for the quarter, compared to the consensus estimate of $467.13 million. During the same period in the previous year, the firm earned $0.36 EPS. As a group, analysts forecast that F.N.B. will post 1.73 EPS for the current fiscal year.

Insider Activity at F.N.B.

In related news, insider Gary L. Guerrieri sold 19,000 shares of the business’s 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 transaction, the insider directly owned 298,097 shares of the company’s stock, valued at approximately $5,523,737.41. The trade was a 5.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Trading of F.N.B.

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in F.N.B. by 4.3% during the fourth quarter. GAMMA Investing LLC now owns 15,745 shares of the bank’s stock valued at $269,000 after purchasing an additional 649 shares during the period. Parallel Advisors LLC increased its position 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 buying an additional 720 shares during the last quarter. Quent Capital LLC raised its stake in shares of F.N.B. by 6.6% in the fourth quarter. Quent Capital LLC now owns 11,823 shares of the bank’s stock valued at $202,000 after buying an additional 734 shares during the period. Root Financial Partners LLC raised its stake in shares of 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 buying an additional 820 shares during the period. Finally, Versant Capital Management Inc lifted its position 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 valued at $226,000 after buying 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.