F.N.B. (NYSE:FNB) Raised to “Hold” at StockNews.com

F.N.B. (NYSE:FNB) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

A number of other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $16.00 target price on shares of F.N.B. in a research report on Wednesday, June 26th. Piper Sandler upped their price objective on shares of F.N.B. from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Stephens reiterated an “overweight” rating and set a $16.00 price objective on shares of F.N.B. in a report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, F.N.B. currently has an average rating of “Moderate Buy” and a consensus price target of $15.29.

F.N.B. Trading Up 1.0 %

Shares of F.N.B. stock traded up $0.13 on Monday, reaching $14.16. 2,195,387 shares of the company’s stock were exchanged, compared to its average volume of 2,173,624. The company has a market capitalization of $5.09 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96. F.N.B. has a 52 week low of $10.24 and a 52 week high of $15.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.92. The firm’s 50-day moving average is $14.39 and its two-hundred day moving average is $13.82.

F.N.B. (NYSE:FNB) last issued its earnings results on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The firm had revenue of $403.81 million during the quarter, compared to analyst estimates of $408.14 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict that F.N.B. will post 1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors have recently added to or reduced their stakes in FNB. Norges Bank bought a new position in shares of F.N.B. during the 4th quarter worth approximately $49,533,000. AQR Capital Management LLC lifted its holdings in F.N.B. by 181.6% during the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after acquiring an additional 1,964,884 shares during the period. Public Employees Retirement Association of Colorado boosted its position in F.N.B. by 706.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,208,076 shares of the bank’s stock worth $16,635,000 after purchasing an additional 1,058,293 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after purchasing an additional 647,335 shares during the period. Finally, Choreo LLC purchased a new stake in shares of F.N.B. during the 2nd quarter valued at $2,802,000. 79.25% of the stock is 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.