Truist Financial Upgrades F.N.B. (NYSE:FNB) to "Strong-Buy"

F.N.B. (NYSE:FNB - Get Free Report) was upgraded by equities research analysts at Truist Financial to a "strong-buy" rating in a research report issued to clients and investors on Monday, May 12th,Zacks.com reports.

FNB has been the subject of a number of other research reports. Wells Fargo & Company reduced their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. DA Davidson restated a "buy" rating and issued a $19.00 price target on shares of F.N.B. in a research report on Thursday, April 17th. Keefe, Bruyette & Woods upgraded F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 target price for the company in a research note on Monday, April 21st. Finally, Piper Sandler cut their price target on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold 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 company has an average rating of "Buy" and a consensus price target of $17.57.

F.N.B. Stock Performance

FNB stock traded up $0.01 on Monday, reaching $14.36. The company's stock had a trading volume of 452,688 shares, compared to its average volume of 2,478,495. The company has a market capitalization of $5.17 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a fifty day moving average of $13.19 and a two-hundred day moving average of $14.66. F.N.B. has a 52 week low of $10.88 and a 52 week high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. The firm had revenue of $411.61 million for the quarter, compared to analysts' expectations of $409.52 million. During the same quarter last year, the business posted $0.34 EPS. As a group, analysts predict that F.N.B. will post 1.45 EPS for the current fiscal year.

Insider Transactions at F.N.B.

In related news, Director David L. Motley sold 15,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the transaction, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.37% of the company's stock.

Hedge Funds Weigh In On F.N.B.

A number of large investors have recently bought and sold shares of the company. AlphaQuest LLC boosted its holdings in shares of F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock valued at $27,000 after buying an additional 1,759 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of F.N.B. in the 1st quarter valued at about $28,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of F.N.B. during the 1st quarter worth about $34,000. Headlands Technologies LLC acquired a new position in F.N.B. during the fourth quarter worth approximately $39,000. Finally, Parallel Advisors LLC increased its holdings in shares of F.N.B. by 47.4% during the 1st quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock worth $42,000 after acquiring an additional 995 shares during the last quarter. Institutional investors and hedge funds 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.