F.N.B. (NYSE:FNB) Upgraded by Wall Street Zen to Hold Rating

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

A number of other research analysts have also weighed in on FNB. Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective for the company in a research note on Monday, April 21st. Truist Financial boosted 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 report on Friday. 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. Finally, Wells Fargo & Company boosted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, F.N.B. has an average rating of "Moderate Buy" and a consensus price target of $18.00.

F.N.B. Stock Down 1.1%

F.N.B. stock opened at $15.83 on Friday. F.N.B. has a 1-year low of $10.88 and a 1-year high of $17.70. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.13 and a beta of 0.92. 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 has a 50 day simple moving average of $14.31 and a 200 day simple moving average of $14.20.

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, beating analysts' consensus estimates 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 in the previous year, the business earned $0.34 EPS. On average, analysts predict that F.N.B. will post 1.45 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC grew its position in F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after acquiring an additional 1,759 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new position in F.N.B. in the first quarter worth $28,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in F.N.B. in the first quarter worth $34,000. Headlands Technologies LLC purchased a new position in F.N.B. in the fourth quarter worth $39,000. Finally, Parallel Advisors LLC grew its position in 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 acquiring an additional 995 shares in the last quarter. 79.25% of the stock is currently owned by hedge funds and other 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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