F.N.B. (NYSE:FNB) Price Target Raised to $21.00

F.N.B. (NYSE:FNB) had its target price lifted by investment analysts at Wells Fargo & Company from $20.00 to $21.00 in a report released on Monday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the bank’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 10.38% from the stock’s current price.

A number of other brokerages have also commented on FNB. Piper Sandler upped their price target on F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th. Truist Financial upped their target price on shares of F.N.B. from $19.50 to $20.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Keefe, Bruyette & Woods increased their price target on shares of F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, F.N.B. currently has an average rating of “Buy” and a consensus target price of $20.60.

F.N.B. Trading Down 0.0%

F.N.B. stock opened at $19.02 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. The business’s 50-day simple moving average is $17.97 and its 200-day simple moving average is $17.57. The firm has a market capitalization of $6.77 billion, a PE ratio of 11.74, a PEG ratio of 0.90 and a beta of 0.84. F.N.B. has a 52 week low of $14.45 and a 52 week high of $19.58.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Friday, April 17th. The bank reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $454.06 million. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.During the same quarter in the previous year, the firm earned $0.32 EPS. Equities research analysts forecast that F.N.B. will post 1.73 earnings per share for the current year.

Insider Activity at F.N.B.

In other news, insider Gary L. Guerrieri sold 19,000 shares of F.N.B. stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $18.53, for a total transaction of $352,070.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors have recently added to or reduced their stakes in FNB. Versant Capital Management Inc raised its holdings in shares of F.N.B. by 9.7% in the 2nd quarter. Versant Capital Management Inc now owns 11,861 shares of the bank’s stock worth $226,000 after buying an additional 1,044 shares in the last quarter. Rhino Investment Partners Inc lifted its holdings in shares of F.N.B. by 47.8% during the first quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock valued at $20,188,000 after acquiring an additional 390,526 shares during the period. Entropy Technologies LP bought a new position in shares of F.N.B. during the first quarter valued at $427,000. Hillsdale Investment Management Inc. acquired a new stake in shares of F.N.B. in the 1st quarter valued at $3,381,000. Finally, DGS Capital Management LLC acquired a new stake in shares of F.N.B. in the 1st quarter valued at $312,000. 79.25% of the stock is owned by institutional investors and hedge funds.

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.