Truist Financial Cuts F.N.B. (NYSE:FNB) Price Target to $20.50

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

FNB has been the subject of several other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a report on Tuesday, June 9th. Keefe, Bruyette & Woods raised their price target on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Wall Street Zen upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday. Bank of America reaffirmed a “neutral” rating and issued a $19.00 price objective (down from $20.00) on shares of F.N.B. in a research note on Monday. Finally, Wells Fargo & Company increased their target price on shares of F.N.B. from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Five equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.70.

F.N.B. Stock Down 1.0%

Shares of NYSE FNB opened at $18.89 on Monday. F.N.B. has a 52-week low of $14.45 and a 52-week high of $19.59. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.21 and a beta of 0.84. The stock has a 50 day moving average price of $18.29 and a 200 day moving average price of $17.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, July 16th. The bank reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $465.77 million for the quarter, compared to the consensus estimate 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 business posted $0.36 EPS. Sell-side analysts expect that F.N.B. will post 1.7 earnings per share for the current year.

Insiders Place Their Bets

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of the company’s 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 owned 298,097 shares in the company, valued at $5,523,737.41. This represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

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.