F.N.B. Co. (NYSE:FNB) Receives Average Recommendation of “Buy” from Analysts


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Shares of F.N.B. Co. (NYSE:FNB) have been given an average rating of “Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $10.00.

Several equities analysts have weighed in on FNB shares. TheStreet raised F.N.B. from a “c+” rating to a “b” rating in a research note on Monday, November 16th. ValuEngine upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Tuesday, January 5th. BidaskClub upgraded F.N.B. from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 7th. Stephens lowered F.N.B. from an “overweight” rating to an “equal weight” rating and set a $10.00 price target for the company. in a report on Wednesday, November 25th. Finally, Zacks Investment Research upgraded F.N.B. from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Wednesday, January 6th.

FNB stock traded down $0.06 during mid-day trading on Wednesday, reaching $10.91. The company had a trading volume of 2,090,551 shares, compared to its average volume of 2,471,718. F.N.B. has a one year low of $5.05 and a one year high of $12.76. The stock’s 50-day simple moving average is $9.58 and its two-hundred day simple moving average is $8.02. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $3.52 billion, a P/E ratio of 11.73 and a beta of 1.34.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Monday, October 19th. The bank reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. F.N.B. had a net margin of 21.08% and a return on equity of 6.83%. The firm had revenue of $307.14 million for the quarter, compared to analysts’ expectations of $309.01 million. During the same period in the previous year, the business earned $0.31 earnings per share. On average, research analysts forecast that F.N.B. will post 0.9 EPS for the current fiscal year.

In related news, Director Mary Jo Dively bought 3,000 shares of the business’s stock in a transaction on Wednesday, December 2nd. The shares were purchased at an average price of $9.12 per share, with a total value of $27,360.00. Following the completion of the purchase, the director now owns 47,517 shares of the company’s stock, valued at approximately $433,355.04. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders acquired 7,000 shares of company stock worth $56,620 in the last three months. Insiders own 0.59% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Neo Ivy Capital Management bought a new position in F.N.B. in the third quarter valued at approximately $27,000. Prospera Financial Services Inc acquired a new stake in shares of F.N.B. in the third quarter valued at approximately $29,000. CI Investments Inc. acquired a new stake in shares of F.N.B. in the third quarter valued at approximately $29,000. Private Advisor Group LLC acquired a new stake in F.N.B. during the 2nd quarter worth approximately $34,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in F.N.B. in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 64.61% of the company’s stock.

About F.N.B.

F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.

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