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

Shares of F.N.B. Corporation (NYSE:FNB) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.70.

FNB has been the subject of a number of recent research reports. Truist Financial lowered their target price on F.N.B. from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Monday. Keefe, Bruyette & Woods raised their price target on F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Wells Fargo & Company lifted their price target on F.N.B. from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Bank of America reiterated a “neutral” rating and issued a $19.00 price objective (down from $20.00) on shares of F.N.B. in a research report on Monday. Finally, Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research note on Monday.

F.N.B. Stock Performance

F.N.B. stock opened at $18.75 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 company has a market capitalization 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 firm has a fifty day simple moving average of $18.22 and a two-hundred day simple moving average of $17.67. F.N.B. has a twelve month low of $14.45 and a twelve month high of $19.59.

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

Insider Buying and Selling

In related news, insider Gary L. Guerrieri sold 19,000 shares of the company’s stock in a transaction on 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 $5,523,737.41. This represents a 5.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC purchased a new stake in shares of F.N.B. during the fourth quarter worth about $34,000. Root Financial Partners LLC increased its holdings in F.N.B. by 66.8% during the 1st 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 during the period. EverSource Wealth Advisors LLC raised its position in F.N.B. by 3,723.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,420 shares during the last quarter. Triumph Capital Management bought a new position in F.N.B. during the 3rd quarter valued at approximately $55,000. Finally, Parallel Advisors LLC lifted its holdings in F.N.B. by 18.9% in the 3rd 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 period. Hedge funds and other 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.