Weiss Ratings Reiterates Buy (B) Rating for F.N.B. (NYSE:FNB)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for F.N.B. (NYSE:FNB), indicating continued confidence in the stock.
• Various brokerages have recently increased their price targets for F.N.B., with Wells Fargo raising it to $20.00 and Keefe, Bruyette & Woods to $18.50.
• F.N.B. reported earnings of $0.36 per share, exceeding the consensus estimate by 3 cents in their latest quarterly results.

F.N.B. (NYSE:FNB - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently commented on FNB. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $18.50 target price (up from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. Truist Financial lifted their target price on shares of F.N.B. from $17.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company lifted their target price on shares of F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Wall Street Zen raised shares of F.N.B. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, DA Davidson lifted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, F.N.B. currently has an average rating of "Buy" and an average price target of $18.64.

F.N.B. Stock Performance

NYSE:FNB opened at $16.15 on Wednesday. The company's 50-day moving average price is $16.05 and its 200-day moving average price is $14.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41. The company has a market cap of $5.80 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.92 and a beta of 0.94. 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 posted its quarterly earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. The firm had revenue of $438.21 million for the quarter, compared to the consensus estimate of $424.39 million. During the same period last year, the firm posted $0.34 earnings per share. On average, sell-side analysts forecast that F.N.B. will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in F.N.B. by 1,442.9% during the 1st quarter. GAMMA Investing LLC now owns 81,588 shares of the bank's stock worth $1,097,000 after acquiring an additional 76,300 shares in the last quarter. UMB Bank n.a. grew its holdings in F.N.B. by 34.5% during the 1st quarter. UMB Bank n.a. now owns 4,345 shares of the bank's stock worth $58,000 after acquiring an additional 1,115 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in F.N.B. by 19.6% during the 1st quarter. Farther Finance Advisors LLC now owns 17,928 shares of the bank's stock worth $241,000 after acquiring an additional 2,937 shares in the last quarter. SG Americas Securities LLC acquired a new position in F.N.B. during the 1st quarter worth approximately $319,000. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in F.N.B. by 9.3% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,114,640 shares of the bank's stock worth $14,992,000 after acquiring an additional 94,870 shares in 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.

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