Truist Financial Begins Coverage on F.N.B. (NYSE:FNB)

Research analysts at Truist Financial started coverage on shares of F.N.B. (NYSE:FNB - Get Free Report) in a report issued on Tuesday, Marketbeat reports. The brokerage set a "buy" rating and a $16.50 price target on the bank's stock. Truist Financial's price target would suggest a potential upside of 14.27% from the company's previous close.

Several other brokerages also recently commented on FNB. Wells Fargo & Company cut their price target on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. DA Davidson reissued a "buy" rating and issued a $19.00 price target on shares of F.N.B. in a research note on Thursday, April 17th. Piper Sandler decreased their price objective on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $17.57.

F.N.B. Stock Performance

Shares of F.N.B. stock traded down $0.02 during mid-day trading on Tuesday, hitting $14.44. 2,058,664 shares of the stock were exchanged, compared to its average volume of 2,489,375. F.N.B. has a 12 month low of $10.88 and a 12 month high of $17.70. The company has a 50-day simple moving average of $13.17 and a 200 day simple moving average of $14.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $5.20 billion, a P/E ratio of 11.46, a P/E/G ratio of 3.60 and a beta of 0.88.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The business had revenue of $411.61 million during the quarter, compared to analyst estimates of $409.52 million. During the same period in the previous year, the business earned $0.34 EPS. Sell-side analysts anticipate 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 David L. Motley sold 15,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the transaction, the director now directly owns 65,344 shares of the company's stock, valued at approximately $1,013,485.44. This trade represents a 18.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On F.N.B.

Several institutional investors have recently bought and sold shares of FNB. AlphaQuest LLC grew its stake in shares of F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after buying an additional 1,759 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new position in shares of F.N.B. in the 1st quarter worth $28,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of F.N.B. in the 1st quarter worth $34,000. Headlands Technologies LLC purchased a new position in shares of F.N.B. in the 4th quarter worth $39,000. Finally, Parallel Advisors LLC grew its stake in shares of F.N.B. by 47.4% in the 1st quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock worth $42,000 after buying an additional 995 shares in the last quarter. 79.25% of the stock is owned by hedge funds and other 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.