F.N.B.’s (FNB) Neutral Rating Reiterated at Bank of America

Bank of America reissued their neutral rating on shares of F.N.B. (NYSE:FNB) in a report released on Monday morning, MarketBeat.com reports. The firm currently has a $19.00 target price on the bank’s stock, down from their previous target price of $20.00.

FNB has been the subject of several other reports. Keefe, Bruyette & Woods lifted their price objective on shares of F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday. Truist Financial raised their target price on F.N.B. from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Wells Fargo & Company boosted their price target on F.N.B. from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, F.N.B. currently has a consensus rating of “Moderate Buy” and an average price target of $20.70.

F.N.B. Stock Performance

Shares of F.N.B. stock opened at $18.89 on Monday. The company has a 50 day moving average price of $18.29 and a 200 day moving average price of $17.70. The firm has a market capitalization of $6.73 billion, a P/E ratio of 11.25, a PEG ratio of 1.21 and a beta of 0.84. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. F.N.B. has a 52 week low of $14.45 and a 52 week high of $19.59.

F.N.B. (NYSE:FNB) last released its earnings results on Thursday, July 16th. The bank reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. The company had revenue of $465.77 million for the quarter, compared to the consensus estimate of $467.13 million. During the same quarter in the previous year, the firm earned $0.36 EPS. Sell-side analysts expect that F.N.B. will post 1.7 EPS for the current year.

Insider Activity at F.N.B.

In other news, insider Gary L. Guerrieri sold 19,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the sale, the insider directly owned 298,097 shares of the company’s stock, valued at $5,523,737.41. This represents a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC purchased a new stake in F.N.B. in the fourth quarter valued at $34,000. Root Financial Partners LLC raised its stake in shares of F.N.B. by 66.8% during the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after buying an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of F.N.B. by 3,723.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after buying an additional 2,420 shares during the last quarter. Triumph Capital Management acquired a new position in shares of F.N.B. in the 3rd quarter valued at about $55,000. Finally, Parallel Advisors LLC lifted its holdings in shares of F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after buying an additional 720 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Company Profile

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.