F.N.B. (NYSE:FNB) Cut to "Sell" at Wall Street Zen

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

Several other analysts have also issued reports on the company. Keefe, Bruyette & Woods upgraded 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. Truist Financial assumed coverage on F.N.B. in a report on Tuesday, May 13th. They set a "buy" rating and a $16.50 price target for the company. DA Davidson reaffirmed a "buy" rating and set a $19.00 price objective on shares of F.N.B. in a research report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their price objective on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, F.N.B. has a consensus rating of "Moderate Buy" and an average price target of $17.57.

F.N.B. Stock Up 1.7%

FNB traded up $0.27 during trading on Friday, reaching $15.79. 4,570,377 shares of the stock were exchanged, compared to its average volume of 2,628,751. The stock has a market cap of $5.68 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.11 and a beta of 0.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.92 and a current ratio of 0.93. The stock's 50 day moving average price is $14.16 and its two-hundred day moving average price is $14.18. F.N.B. has a twelve month low of $10.88 and a twelve month high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share 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 company had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. During the same period in the previous year, the business earned $0.34 EPS. Equities analysts expect that F.N.B. will post 1.45 EPS for the current year.

Institutional Investors Weigh In On F.N.B.

Institutional investors have recently modified their holdings of the business. AlphaQuest LLC raised its stake in F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after purchasing an additional 1,759 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of F.N.B. during the 1st quarter worth approximately $28,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of F.N.B. during the first quarter worth approximately $34,000. Headlands Technologies LLC acquired a new stake in shares of F.N.B. in the fourth quarter valued at approximately $39,000. Finally, Parallel Advisors LLC boosted 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 valued at $42,000 after buying an additional 995 shares during the period. 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.