F.N.B. (NYSE:FNB) Now Covered by Piper Sandler

Analysts at Piper Sandler began coverage on shares of F.N.B. (NYSE:FNB) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set an “overweight” rating and a $19.00 price target on the bank’s stock. Piper Sandler’s target price would indicate a potential upside of 12.31% from the stock’s current price.

Other analysts have also issued reports about the company. DA Davidson lowered F.N.B. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a report on Tuesday. Finally, Truist Financial lifted their price objective on shares of F.N.B. from $18.00 to $18.50 and gave the company a “buy” rating in a research note on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, F.N.B. has an average rating of “Moderate Buy” and a consensus price target of $19.00.

F.N.B. Trading Up 1.8%

Shares of F.N.B. stock opened at $16.92 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a 50-day moving average of $15.92 and a 200-day moving average of $15.50. F.N.B. has a 52-week low of $10.88 and a 52-week high of $16.98. The stock has a market cap of $6.06 billion, a PE ratio of 12.17, a PEG ratio of 0.87 and a beta of 0.93.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, June 20th. The bank reported $0.40 earnings per share for the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. The business had revenue of $419.30 million during the quarter. As a group, sell-side analysts forecast that F.N.B. will post 1.45 EPS for the current year.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, insider James L. Dutey sold 40,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total transaction of $670,000.00. Following the sale, the insider owned 49,936 shares of the company’s stock, valued at approximately $836,428. The trade was a 44.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Danske Bank A S acquired a new position in F.N.B. in the 3rd quarter worth about $85,000. Triumph Capital Management bought a new position in F.N.B. in the 3rd quarter valued at approximately $55,000. Fiduciary Trust Co acquired a new stake in F.N.B. during the 3rd quarter worth approximately $457,000. Brooklyn Investment Group grew its holdings in F.N.B. by 37.4% during the 3rd quarter. Brooklyn Investment Group now owns 41,200 shares of the bank’s stock worth $664,000 after acquiring an additional 11,222 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in F.N.B. in the 3rd quarter valued at approximately $960,000. Institutional investors own 79.25% of the company’s stock.

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.