F.N.B. (NYSE:FNB) Stock Rating Lowered by Wall Street Zen

F.N.B. (NYSE:FNB - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Several other equities research analysts have also weighed in on the company. DA Davidson restated a "buy" rating and set a $19.00 price target on shares of F.N.B. in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Truist Financial assumed coverage on F.N.B. in a research report on Tuesday, May 13th. They set a "buy" rating and a $16.50 price objective for the company. Finally, Keefe, Bruyette & Woods raised shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 target price on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.57.

F.N.B. Trading Up 1.6%

Shares of FNB opened at $15.58 on Friday. F.N.B. has a 1-year low of $10.88 and a 1-year high of $17.70. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39. The firm's 50-day moving average price is $14.07 and its 200-day moving average price is $14.16. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.12 and a beta of 0.92.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. F.N.B. had a net margin of 17.78% and a return on equity of 7.97%. The business had revenue of $411.61 million during the quarter, compared to analyst estimates of $409.52 million. During the same period last year, the business posted $0.34 earnings per share. Sell-side analysts anticipate that F.N.B. will post 1.45 EPS for the current year.

Institutional Investors Weigh In On F.N.B.

Several hedge funds have recently added to or reduced their stakes in the stock. AlphaQuest LLC increased its holdings in shares of F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock valued at $27,000 after acquiring an additional 1,759 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in F.N.B. during the 1st quarter valued at about $28,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in F.N.B. in the first quarter worth about $34,000. Headlands Technologies LLC purchased a new position in F.N.B. in the fourth quarter worth about $39,000. Finally, Parallel Advisors LLC lifted its stake in shares of F.N.B. by 47.4% in the first quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock worth $42,000 after buying an additional 995 shares in the last quarter. 79.25% of the stock is owned by institutional investors.

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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