Truist Financial Increases F.N.B. (NYSE:FNB) Price Target to $18.00

F.N.B. (NYSE:FNB - Get Free Report) had its target price hoisted by equities researchers at Truist Financial from $17.50 to $18.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the bank's stock. Truist Financial's target price suggests a potential upside of 15.46% from the company's previous close.

A number of other research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $18.50 price target (up from $16.50) on shares of F.N.B. in a research report on Monday. DA Davidson set a $19.00 target price on shares of F.N.B. and gave the stock a "buy" rating in a report on Monday. Wells Fargo & Company lifted their target price on F.N.B. from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Wall Street Zen upgraded F.N.B. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.64.

F.N.B. Stock Down 3.3%

NYSE:FNB traded down $0.53 during mid-day trading on Tuesday, reaching $15.59. The stock had a trading volume of 10,564,623 shares, compared to its average volume of 4,389,084. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. F.N.B. has a 1-year low of $10.88 and a 1-year high of $17.70. The stock's 50 day simple moving average is $14.64 and its two-hundred day simple moving average is $14.27.

F.N.B. (NYSE:FNB - Get Free Report) last issued its earnings results on Thursday, July 17th. The bank reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $438.21 million during the quarter, compared to analyst estimates of $424.39 million. F.N.B. had a return on equity of 7.94% and a net margin of 17.88%. During the same quarter last year, the firm earned $0.34 EPS. Equities analysts anticipate that F.N.B. will post 1.45 EPS for the current year.

Institutional Trading of F.N.B.

Hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors grew its stake in shares of F.N.B. by 2.3% in the fourth quarter. World Investment Advisors now owns 29,393 shares of the bank's stock worth $434,000 after purchasing an additional 667 shares in the last quarter. Parallel Advisors LLC grew its position in F.N.B. by 22.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,802 shares of the bank's stock valued at $55,000 after buying an additional 706 shares in the last quarter. Forum Financial Management LP increased its stake in F.N.B. by 5.9% during the 4th quarter. Forum Financial Management LP now owns 13,258 shares of the bank's stock valued at $196,000 after buying an additional 744 shares during the period. Verdence Capital Advisors LLC raised its position in shares of F.N.B. by 3.2% during the 1st quarter. Verdence Capital Advisors LLC now owns 25,489 shares of the bank's stock worth $343,000 after buying an additional 783 shares in the last quarter. Finally, United Services Automobile Association raised its position in shares of F.N.B. by 3.7% during the 4th quarter. United Services Automobile Association now owns 24,524 shares of the bank's stock worth $362,000 after buying an additional 870 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

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.