F.N.B. (NYSE:FNB) Rating Lowered to "Hold" at DA Davidson

Key Points

• F.N.B. (NYSE:FNB) has been downgraded from a "strong-buy" to a "hold" rating by DA Davidson, reflecting a cautious outlook on the stock.
• Multiple analysts have different views on F.N.B., with Weiss Ratings maintaining a "buy" rating and target prices ranging from $18.00 to $20.00 from other firms like Wells Fargo and Truist Financial.
• Institutional ownership of F.N.B. is significant, with approximately 79.25% of the stock held by institutional investors and hedge funds.

F.N.B. (NYSE:FNB - Get Free Report) was downgraded by research analysts at DA Davidson from a "strong-buy" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

FNB has been the topic of a number of other research reports. Weiss Ratings restated a "buy (b)" rating on shares of F.N.B. in a report on Wednesday, October 8th. Truist Financial raised their price objective on shares of F.N.B. from $18.00 to $18.50 and gave the stock a "buy" rating in a research note on Monday. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $18.50 price objective (up previously from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. Wells Fargo & Company raised their target price on F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Wall Street Zen raised F.N.B. from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, F.N.B. currently has an average rating of "Moderate Buy" and an average price target of $18.83.

F.N.B. Price Performance

Shares of FNB opened at $15.51 on Monday. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.00 and a beta of 0.94. F.N.B. has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92. The business's 50-day moving average is $16.13 and its 200-day moving average is $14.85.

F.N.B. (NYSE:FNB - Get Free Report) last issued its earnings results on Thursday, June 20th. The bank reported $0.40 earnings per share for the quarter. F.N.B. had a return on equity of 8.22% and a net margin of 19.23%.The company had revenue of $419.30 million for the quarter. Equities research analysts expect that F.N.B. will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On F.N.B.

Several institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. acquired a new position in shares of F.N.B. during the 3rd quarter worth about $1,097,000. Harbor Capital Advisors Inc. acquired a new position in shares of F.N.B. in the 3rd quarter valued at approximately $872,000. Farther Finance Advisors LLC grew its position in shares of F.N.B. by 18.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,177 shares of the bank's stock valued at $309,000 after purchasing an additional 2,945 shares during the period. GAMMA Investing LLC grew its position in shares of F.N.B. by 5.6% in the 3rd quarter. GAMMA Investing LLC now owns 15,096 shares of the bank's stock valued at $243,000 after purchasing an additional 807 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of F.N.B. by 1.8% in the 2nd quarter. Captrust Financial Advisors now owns 87,304 shares of the bank's stock valued at $1,273,000 after purchasing an additional 1,514 shares during the period. 79.25% of the stock is currently 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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