F.N.B. (NYSE:FNB) Stock Rating Upgraded by Keefe, Bruyette & Woods

F.N.B. (NYSE:FNB) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday,Benzinga reports. The firm currently has a $16.50 price objective on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 31.01% from the company’s current price.

Other research analysts also recently issued reports about the company. Wells Fargo & Company cut their price objective on F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Piper Sandler dropped 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 report on Thursday, January 23rd. Finally, DA Davidson restated a “buy” rating and set a $19.00 price objective on shares of F.N.B. in a research report on Thursday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

F.N.B. Trading Up 3.0 %

Shares of FNB stock opened at $12.59 on Monday. 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 company has a market cap of $4.53 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 3.60 and a beta of 0.86. F.N.B. has a 1 year low of $10.88 and a 1 year high of $17.70. The firm has a fifty day moving average price of $13.56 and a 200-day moving average price of $14.76.

F.N.B. (NYSE:FNB) last released its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $411.61 million for the quarter, compared to the consensus estimate of $409.52 million. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. During the same period in the previous year, the business earned $0.34 earnings per share. As a group, equities analysts predict that F.N.B. will post 1.45 earnings per share for the current year.

Insider Transactions at F.N.B.

In other news, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now directly owns 65,344 shares of the company’s stock, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William B. Campbell purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $15.57 per share, with a total value of $46,710.00. Following the completion of the purchase, the director now owns 158,834 shares of the company’s stock, valued at $2,473,045.38. The trade was a 1.93 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FNB. Stifel Financial Corp raised its stake in F.N.B. by 6.6% during the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock valued at $405,000 after purchasing an additional 1,768 shares in the last quarter. Barclays PLC increased its holdings in shares of F.N.B. by 4.6% in the 3rd quarter. Barclays PLC now owns 449,839 shares of the bank’s stock worth $6,348,000 after buying an additional 19,589 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of F.N.B. during the 3rd quarter valued at about $405,000. Principal Financial Group Inc. lifted its holdings in shares of F.N.B. by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock valued at $69,879,000 after acquiring an additional 127,516 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in F.N.B. by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 987,084 shares of the bank’s stock worth $13,928,000 after acquiring an additional 32,047 shares during the last quarter. 79.25% of the stock is currently owned by 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.