F.N.B. (NYSE:FNB) Earns “Buy” Rating from DA Davidson

F.N.B. (NYSE:FNB)‘s stock had its “buy” rating restated by analysts at DA Davidson in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $19.00 price objective on the bank’s stock. DA Davidson’s price target suggests a potential upside of 50.87% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company reduced their price target on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Piper Sandler dropped their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, F.N.B. currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

F.N.B. Stock Performance

NYSE FNB opened at $12.59 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $13.56 and a 200 day moving average of $14.74. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 3.60 and a beta of 0.86. F.N.B. has a twelve month low of $10.88 and a twelve month high of $17.70.

F.N.B. (NYSE:FNB) last announced its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The company had revenue of $411.61 million for the quarter, compared to analysts’ expectations of $409.52 million. During the same quarter in the previous year, the company posted $0.34 EPS. Sell-side analysts anticipate that F.N.B. will post 1.45 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William B. Campbell acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, with a total value of $46,710.00. Following the completion of the acquisition, the director now owns 158,834 shares in the company, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David L. Motley sold 15,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the transaction, the director now directly owns 65,344 shares of the company’s stock, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On F.N.B.

Institutional investors have recently modified their holdings of the company. PL Capital Advisors LLC purchased a new stake in F.N.B. during the fourth quarter worth $308,616,000. Norges Bank purchased a new stake in shares of F.N.B. in the 4th quarter worth about $50,205,000. First Trust Advisors LP grew its stake in F.N.B. by 76.8% in the 4th quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank’s stock valued at $77,349,000 after acquiring an additional 2,273,736 shares during the last quarter. Raymond James Financial Inc. purchased a new position in F.N.B. during the 4th quarter valued at about $15,801,000. Finally, Balyasny Asset Management L.P. acquired a new position in F.N.B. during the fourth quarter worth about $12,952,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.