F.N.B. (NYSE:FNB) Price Target Lowered to $15.00 at Stephens

F.N.B. (NYSE:FNB) had its price target cut by equities research analysts at Stephens from $16.00 to $15.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Stephens’ price objective would suggest a potential upside of 15.74% from the company’s previous close.

Several other brokerages have also commented on FNB. StockNews.com lowered F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Bank of America began coverage on F.N.B. in a research note on Thursday, January 11th. They issued a “buy” rating and a $15.00 price target on the stock. Wells Fargo & Company boosted their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, Raymond James boosted their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

F.N.B. Stock Performance

NYSE FNB traded up $0.20 during trading on Friday, hitting $12.96. The company’s stock had a trading volume of 278,275 shares, compared to its average volume of 2,097,267. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $13.46 and a 200 day moving average price of $12.73. The firm has a market cap of $4.66 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 8.81 and a beta of 1.02. F.N.B. has a 52 week low of $10.09 and a 52 week high of $14.19.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $406.87 million for the quarter, compared to analysts’ expectations of $406.96 million. F.N.B. had a return on equity of 9.58% and a net margin of 19.73%. During the same period in the previous year, the business posted $0.40 earnings per share. Equities research analysts forecast that F.N.B. will post 1.45 earnings per share for the current fiscal year.

Insider Activity at F.N.B.

In related news, Director William B. Campbell acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of $13.41 per share, for a total transaction of $33,525.00. Following the completion of the acquisition, the director now owns 145,388 shares of the company’s stock, valued at approximately $1,949,653.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On F.N.B.

Several large investors have recently modified their holdings of FNB. BlackRock Inc. increased its holdings in shares of F.N.B. by 13.1% in the first quarter. BlackRock Inc. now owns 39,996,231 shares of the bank’s stock worth $497,953,000 after acquiring an additional 4,625,329 shares in the last quarter. Norges Bank bought a new stake in shares of F.N.B. in the fourth quarter worth about $49,533,000. Vanguard Group Inc. increased its holdings in shares of F.N.B. by 9.8% in the first quarter. Vanguard Group Inc. now owns 35,158,364 shares of the bank’s stock worth $437,721,000 after acquiring an additional 3,125,650 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of F.N.B. by 535.0% in the first quarter. Balyasny Asset Management L.P. now owns 1,891,779 shares of the bank’s stock worth $21,945,000 after acquiring an additional 1,593,871 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of F.N.B. by 706.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,208,076 shares of the bank’s stock worth $16,635,000 after acquiring an additional 1,058,293 shares in the last quarter. 79.25% of the stock is currently owned by 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.