Wells Fargo & Company Forecasts Strong Price Appreciation for F.N.B. (NYSE:FNB) Stock

F.N.B. (NYSE:FNB - Get Free Report) had its price target boosted by equities researchers at Wells Fargo & Company from $16.00 to $18.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the bank's stock. Wells Fargo & Company's target price would suggest a potential upside of 13.17% from the company's previous close.

Other research analysts also recently issued reports about the company. Wall Street Zen downgraded F.N.B. from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Keefe, Bruyette & Woods upgraded 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 report on Monday, April 21st. Truist Financial began coverage on shares of F.N.B. in a report on Tuesday, May 13th. They issued a "buy" rating and a $16.50 price target for the company. Finally, DA Davidson reissued a "buy" rating and set a $19.00 price objective on shares of F.N.B. in a research note on Thursday, April 17th. One equities research 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's stock. Based on data from MarketBeat.com, F.N.B. currently has a consensus rating of "Moderate Buy" and an average price target of $17.86.

F.N.B. Stock Up 0.6%

Shares of F.N.B. stock opened at $15.91 on Thursday. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.13 and a beta of 0.92. The company's 50 day moving average is $14.22 and its 200 day moving average is $14.19. F.N.B. has a twelve month low of $10.88 and a twelve month high of $17.70. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.39.

F.N.B. (NYSE:FNB - Get Free Report) last issued 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 firm had revenue of $411.61 million for the quarter, compared to analysts' expectations of $409.52 million. During the same quarter in the prior year, the business earned $0.34 EPS. Research analysts anticipate that F.N.B. will post 1.45 EPS for the current year.

Hedge Funds Weigh In On F.N.B.

Hedge funds and other institutional investors have recently bought and sold shares of the company. World Investment Advisors increased its holdings in shares of F.N.B. by 2.3% in the 4th quarter. World Investment Advisors now owns 29,393 shares of the bank's stock valued at $434,000 after acquiring an additional 667 shares during the last quarter. Parallel Advisors LLC grew its position in shares of F.N.B. by 22.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,802 shares of the bank's stock valued at $55,000 after buying an additional 706 shares during the last quarter. Forum Financial Management LP lifted its position in F.N.B. by 5.9% in the fourth quarter. Forum Financial Management LP now owns 13,258 shares of the bank's stock valued at $196,000 after acquiring an additional 744 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of F.N.B. by 0.7% during the fourth quarter. Arizona State Retirement System now owns 104,354 shares of the bank's stock worth $1,542,000 after purchasing an additional 765 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in F.N.B. by 3.2% during the 1st quarter. Verdence Capital Advisors LLC now owns 25,489 shares of the bank's stock worth $343,000 after buying an additional 783 shares during 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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