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

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.

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.

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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