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F.N.B. (NYSE:FNB) Price Target Raised to $17.50

F.N.B. logo with Finance background

F.N.B. (NYSE:FNB - Get Free Report) had its price target hoisted by research analysts at Truist Financial from $16.50 to $17.50 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the bank's stock. Truist Financial's target price indicates a potential upside of 10.23% from the company's previous close.

FNB has been the topic of several other research reports. Wall Street Zen downgraded shares of F.N.B. from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Wells Fargo & Company increased their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Thursday. Keefe, Bruyette & Woods raised shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective on the stock in a research note on Monday, April 21st. Finally, 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. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to MarketBeat.com, F.N.B. has an average rating of "Moderate Buy" and an average price target of $18.00.

Read Our Latest Stock Analysis on FNB

F.N.B. Trading Up 0.4%

NYSE FNB opened at $15.88 on Friday. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.13 and a beta of 0.92. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. F.N.B. has a 52 week low of $10.88 and a 52 week high of $17.70. The business has a 50 day moving average price of $14.27 and a 200-day moving average price of $14.20.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. F.N.B. had a return on equity of 7.97% and a net margin of 17.78%. The firm had revenue of $411.61 million for the quarter, compared to analysts' expectations of $409.52 million. During the same period in the prior year, the business posted $0.34 earnings per share. As a group, equities analysts expect that F.N.B. will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its position in F.N.B. by 22.8% during the second quarter. Parallel Advisors LLC now owns 3,802 shares of the bank's stock valued at $55,000 after acquiring an additional 706 shares in the last quarter. Inspire Investing LLC boosted its holdings in F.N.B. by 11.3% in the first quarter. Inspire Investing LLC now owns 30,297 shares of the bank's stock valued at $407,000 after acquiring an additional 3,085 shares during the last quarter. Strs Ohio acquired a new stake in F.N.B. in the 1st quarter valued at approximately $1,873,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of F.N.B. by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank's stock worth $14,112,000 after acquiring an additional 58,672 shares during the period. Finally, Caxton Associates LLP bought a new stake in shares of F.N.B. during the 1st quarter valued at $672,000. 79.25% of the stock is owned by institutional investors and hedge funds.

About F.N.B.

(Get Free Report)

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.

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Analyst Recommendations for F.N.B. (NYSE:FNB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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