F.N.B. (NYSE:FNB) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of F.N.B. (NYSE:FNB) from a sell rating to a hold rating in a research report report published on Saturday morning.

FNB has been the topic of several other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research note on Monday, July 20th. Bank of America restated a “neutral” rating and set a $19.00 price target (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Wells Fargo & Company lifted their price objective on shares of F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Finally, Truist Financial decreased their price objective on shares of F.N.B. from $21.00 to $20.50 and set a “buy” rating for the company in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, F.N.B. has a consensus rating of “Buy” and a consensus price target of $20.90.

F.N.B. Stock Performance

FNB stock opened at $19.46 on Friday. The firm has a 50 day simple moving average of $18.86 and a 200 day simple moving average of $17.90. F.N.B. has a 52 week low of $14.45 and a 52 week high of $19.59. The stock has a market cap of $6.87 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.24 and a beta of 0.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Friday, July 17th. The bank reported $0.42 EPS for the quarter, meeting 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 business had revenue of $463.00 million for the quarter, compared to analysts’ expectations of $467.13 million. During the same period in the previous year, the company posted $0.36 EPS. Research analysts anticipate that F.N.B. will post 1.69 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.52 dividend on an annualized basis and a yield of 2.7%. F.N.B.’s dividend payout ratio (DPR) is currently 30.95%.

Insider Buying and Selling

In other F.N.B. news, insider Bryant Mitchell David sold 4,055 shares of F.N.B. stock in a transaction on Thursday, August 6th. The stock was 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 of the company’s stock, valued at approximately $2,777,447.75. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary L. Guerrieri sold 19,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $18.53, for a total transaction of $352,070.00. Following the completion of the sale, the insider directly owned 298,097 shares in the company, valued at approximately $5,523,737.41. The trade was a 5.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of F.N.B.

Several large investors have recently added to or reduced their stakes in FNB. Root Financial Partners LLC grew its position in F.N.B. by 66.8% during the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock worth $34,000 after acquiring an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in F.N.B. by 3,723.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,420 shares during the last quarter. Triumph Capital Management acquired a new position in F.N.B. in the third quarter worth $55,000. Parallel Advisors LLC boosted its stake in F.N.B. by 18.9% in the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after purchasing an additional 720 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of F.N.B. during the third quarter worth $85,000. 79.25% of the stock is owned by institutional investors.

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.