Keefe, Bruyette & Woods Raises F.N.B. (NYSE:FNB) Price Target to $18.00

F.N.B. (NYSE:FNB) had its target price upped by Keefe, Bruyette & Woods from $16.00 to $18.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 8.89% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of F.N.B. from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday. Raymond James upped their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Stephens lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.67.

F.N.B. Stock Performance

Shares of F.N.B. stock traded down $0.17 during trading hours on Wednesday, reaching $16.53. The company had a trading volume of 301,937 shares, compared to its average volume of 2,206,077. The firm has a market cap of $5.94 billion, a PE ratio of 15.12 and a beta of 0.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The business has a fifty day simple moving average of $15.21 and a 200 day simple moving average of $14.42. F.N.B. has a one year low of $12.39 and a one year high of $17.70.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $413.02 million for the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. On average, analysts anticipate that F.N.B. will post 1.34 earnings per share for the current fiscal year.

Institutional Trading of F.N.B.

A number of institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in F.N.B. by 181.6% in the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after buying an additional 1,964,884 shares during the period. Point72 Asset Management L.P. purchased a new stake in F.N.B. during the third quarter valued at about $14,190,000. Dimensional Fund Advisors LP lifted its holdings in shares of F.N.B. by 3.0% in the second 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 in the last quarter. Jane Street Group LLC lifted its position in shares of F.N.B. by 780.7% in the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after purchasing an additional 316,515 shares in the last quarter. Finally, State Street Corp raised its stake in shares of F.N.B. by 1.9% during the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after purchasing an additional 278,825 shares in the last quarter. 79.25% of the stock is owned by hedge funds and other 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.