F.N.B. (NYSE:FNB) Raised to “Hold” at UBS Group

F.N.B. (NYSE:FNB) was upgraded by equities researchers at UBS Group to a “hold” rating in a report released on Monday, Zacks reports.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a report on Friday, September 4th. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research note on Monday, July 20th. Bank of America reaffirmed a “neutral” rating and set a $19.00 target price (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Finally, Truist Financial reduced their price target on F.N.B. from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.75.

F.N.B. Stock Down 0.3%

FNB stock opened at $18.26 on Monday. The company has a market capitalization of $6.45 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 1.16 and a beta of 0.84. F.N.B. has a 12 month low of $14.45 and a 12 month high of $19.59. The firm’s fifty day simple moving average is $18.79 and its 200-day simple moving average is $17.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91.

F.N.B. (NYSE:FNB) last issued its earnings results on Friday, July 17th. The bank reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $463.00 million during the quarter, compared to analysts’ expectations of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same quarter last year, the company posted $0.36 earnings per share. As a group, equities research analysts forecast that F.N.B. will post 1.69 earnings per share for the current year.

Insider Buying and Selling

In other F.N.B. news, insider Bryant Mitchell David sold 4,055 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $19.25, for a total transaction of $78,058.75. Following the completion of the transaction, the insider directly owned 144,283 shares in the company, valued at approximately $2,777,447.75. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Trading of F.N.B.

Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of F.N.B. by 12.5% during the 2nd quarter. Wellington Management Group LLP now owns 1,318,016 shares of the bank’s stock worth $25,148,000 after purchasing an additional 146,571 shares during the last quarter. Rhino Investment Partners Inc boosted its holdings in F.N.B. by 47.8% in the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock worth $20,188,000 after buying an additional 390,526 shares during the last quarter. HighTower Advisors LLC increased its stake in F.N.B. by 0.3% during the 2nd quarter. HighTower Advisors LLC now owns 620,845 shares of the bank’s stock worth $11,846,000 after buying an additional 1,657 shares in the last quarter. Hsbc Holdings PLC increased its stake in F.N.B. by 5.5% during the 2nd quarter. Hsbc Holdings PLC now owns 482,010 shares of the bank’s stock worth $9,233,000 after buying an additional 25,141 shares in the last quarter. Finally, Amundi increased its stake in F.N.B. by 980.6% during the 2nd quarter. Amundi now owns 382,193 shares of the bank’s stock worth $7,292,000 after buying an additional 346,824 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

About F.N.B.

F.N.B. Corporation is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It operates primarily through its banking subsidiary, First National Bank of Pennsylvania, which provides services to consumers, businesses, and institutional clients.

The company offers a broad range of banking products and services, including checking and savings accounts, consumer lending, residential and commercial real estate financing, business loans, treasury management, and wealth management.