F.N.B. (NYSE:FNB) PT Set at $19.00 by DA Davidson

F.N.B. (NYSE:FNB - Get Free Report) received a $19.00 target price from equities researchers at DA Davidson in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has a "buy" rating on the bank's stock. DA Davidson's target price points to a potential upside of 17.54% from the company's previous close.

Several other analysts have also recently commented on FNB. Truist Financial increased their price target on shares of F.N.B. from $16.50 to $17.50 and gave the company a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company increased their price target on shares of F.N.B. from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $18.50 price objective (up from $16.50) on shares of F.N.B. in a research note on Monday. Finally, Wall Street Zen upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.57.

F.N.B. Price Performance

Shares of FNB traded up $0.10 during mid-day trading on Monday, hitting $16.17. 1,272,007 shares of the company traded hands, compared to its average volume of 2,933,189. F.N.B. has a one year low of $10.88 and a one year high of $17.70. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $14.53 and a 200 day moving average of $14.23. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.96 and a beta of 0.92.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. The business had revenue of $438.21 million for the quarter, compared to analysts' expectations of $424.39 million. During the same period in the prior year, the firm earned $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.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently made changes to their positions in FNB. McClarren Financial Advisors Inc. acquired a new position in F.N.B. in the 1st quarter worth $28,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in F.N.B. in the 1st quarter worth $34,000. Headlands Technologies LLC acquired a new position in F.N.B. in the 4th quarter worth $39,000. Parallel Advisors LLC boosted its stake in 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 purchasing an additional 995 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new position in F.N.B. in the 1st quarter worth $42,000. 79.25% of the stock is owned by 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.