F.N.B. (NYSE:FNB - Get Free Report) had its target price boosted by investment analysts at Wells Fargo & Company from $18.00 to $20.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the bank's stock. Wells Fargo & Company's price objective indicates a potential upside of 23.57% from the stock's previous close.
Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $18.50 price target (up previously from $16.50) on shares of F.N.B. in a research report on Monday. DA Davidson reaffirmed a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research note on Thursday, April 17th. 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, Truist Financial raised their target price on shares of F.N.B. from $16.50 to $17.50 and gave the company a "buy" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $18.57.
Read Our Latest Stock Analysis on F.N.B.
F.N.B. Price Performance
Shares of FNB traded up $0.12 during trading hours on Monday, hitting $16.19. The stock had a trading volume of 508,283 shares, compared to its average volume of 2,649,082. The company's fifty day moving average is $14.53 and its two-hundred day moving average is $14.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.93 and a quick ratio of 0.93. F.N.B. has a 52 week low of $10.88 and a 52 week high of $17.70. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 0.96 and a beta of 0.92.
F.N.B. (NYSE:FNB - Get Free Report) last posted its 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 business had revenue of $438.21 million for the quarter, compared to analyst estimates of $424.39 million. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, analysts anticipate that F.N.B. will post 1.45 EPS for the current year.
Institutional Trading of F.N.B.
Several hedge funds have recently bought and sold shares of FNB. GAMMA Investing LLC grew its stake in shares of F.N.B. by 135.6% during the 2nd quarter. GAMMA Investing LLC now owns 14,289 shares of the bank's stock worth $208,000 after acquiring an additional 8,223 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of F.N.B. by 22.8% during the 2nd quarter. Parallel Advisors LLC now owns 3,802 shares of the bank's stock worth $55,000 after acquiring an additional 706 shares in the last quarter. Inspire Investing LLC grew its stake in shares of F.N.B. by 11.3% during the 1st quarter. Inspire Investing LLC now owns 30,297 shares of the bank's stock worth $407,000 after acquiring an additional 3,085 shares in the last quarter. Strs Ohio bought a new position in shares of F.N.B. during the 1st quarter worth approximately $1,873,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in F.N.B. by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank's stock worth $14,112,000 after buying an additional 58,672 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.
About F.N.B.
(
Get Free Report)
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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