Wells Fargo & Company Issues Pessimistic Forecast for F.N.B. (NYSE:FNB) Stock Price

F.N.B. (NYSE:FNB) had its price objective lowered by Wells Fargo & Company from $18.00 to $16.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. Wells Fargo & Company‘s target price points to a potential upside of 26.78% from the company’s current price.

A number of other research analysts have also recently commented on FNB. DA Davidson upped their target price on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Piper Sandler dropped their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and an average price target of $18.17.

F.N.B. Price Performance

Shares of NYSE:FNB traded up $1.06 during trading on Wednesday, reaching $12.62. The stock had a trading volume of 2,874,004 shares, compared to its average volume of 2,390,032. The business has a fifty day moving average price of $14.17 and a 200-day moving average price of $14.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $4.54 billion, a PE ratio of 10.02, a PEG ratio of 3.60 and a beta of 0.86. F.N.B. has a 1-year low of $10.88 and a 1-year high of $17.70.

Insider Buying and Selling

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the transaction, the director now owns 65,344 shares of the company’s stock, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William B. Campbell bought 3,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the acquisition, the director now directly owns 158,834 shares of the company’s stock, valued at $2,473,045.38. This trade represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC grew its holdings in shares of F.N.B. by 8.3% in the 3rd quarter. Janus Henderson Group PLC now owns 170,106 shares of the bank’s stock worth $2,399,000 after acquiring an additional 12,978 shares during the last quarter. Quantinno Capital Management LP raised its holdings in F.N.B. by 10.7% during the third quarter. Quantinno Capital Management LP now owns 133,693 shares of the bank’s stock valued at $1,886,000 after buying an additional 12,939 shares in the last quarter. Stifel Financial Corp raised its position in shares of F.N.B. by 6.6% in the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock valued at $405,000 after purchasing an additional 1,768 shares during the period. State Street Corp boosted its holdings in F.N.B. by 1.9% during the third quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock valued at $214,266,000 after acquiring an additional 278,825 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of F.N.B. by 1.1% in the third quarter. Wellington Management Group LLP now owns 1,044,815 shares of the bank’s stock valued at $14,742,000 after acquiring an additional 11,454 shares during the period. 79.25% of the stock is currently 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.