F.N.B. (NYSE:FNB) Receives Neutral Rating from Bank of America

F.N.B. (NYSE:FNB)‘s stock had its “neutral” rating reaffirmed by research analysts at Bank of America in a research report issued on Monday,Benzinga reports. They presently have a $19.00 target price on the bank’s stock, down from their previous target price of $20.00. Bank of America‘s target price would indicate a potential downside of 0.38% from the stock’s current price.

Several other analysts also recently weighed in on the company. Wells Fargo & Company boosted their target price on F.N.B. from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Truist Financial increased their price objective on F.N.B. from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Piper Sandler raised 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. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.50.

F.N.B. Price Performance

Shares of NYSE:FNB opened at $19.07 on Monday. F.N.B. has a 12 month low of $14.45 and a 12 month high of $19.59. The firm has a market capitalization of $6.79 billion, a P/E ratio of 11.35, 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. The company’s fifty day moving average price is $18.20 and its 200 day moving average price is $17.66.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, July 16th. The bank reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $465.77 million during the quarter, compared to the consensus estimate of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same quarter in the prior year, the firm posted $0.36 earnings per share. As a group, sell-side analysts predict that F.N.B. will post 1.73 earnings per share for the current fiscal year.

Insider Buying and Selling at F.N.B.

In related 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 transaction of $352,070.00. Following the completion of the sale, the insider directly owned 298,097 shares of the company’s stock, valued at $5,523,737.41. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of F.N.B.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. purchased a new stake in shares of F.N.B. in the first quarter valued at approximately $3,381,000. Horizon Investments LLC acquired a new position in shares of F.N.B. during the 4th quarter worth $2,182,000. SG Americas Securities LLC increased its holdings in shares of F.N.B. by 585.2% in the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock valued at $5,990,000 after purchasing an additional 305,961 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of F.N.B. by 61.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock valued at $62,000 after purchasing an additional 1,369 shares in the last quarter. Finally, Gibson Capital LLC lifted its stake in shares of F.N.B. by 19.7% in the fourth quarter. Gibson Capital LLC now owns 21,776 shares of the bank’s stock valued at $372,000 after purchasing an additional 3,578 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

About F.N.B.

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.