Truist Financial Issues Positive Forecast for F.N.B. (NYSE:FNB) Stock Price

F.N.B. (NYSE:FNB) had its target price hoisted by investment analysts at Truist Financial from $19.50 to $20.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. Truist Financial’s price target would suggest a potential upside of 11.67% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Piper Sandler restated an “overweight” rating and set a $21.00 price target (up from $20.00) on shares of F.N.B. in a report on Thursday, January 22nd. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $19.70.

F.N.B. Trading Down 0.2%

F.N.B. stock opened at $17.91 on Monday. The company’s fifty day simple moving average is $17.15 and its 200-day simple moving average is $16.88. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. F.N.B. has a 12 month low of $12.33 and a 12 month high of $19.14. The stock has a market cap of $6.36 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.88 and a beta of 0.87.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Thursday, April 16th. The bank reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. F.N.B. had a net margin of 21.64% and a return on equity of 8.94%. The business had revenue of $450.26 million for the quarter, compared to analysts’ expectations of $454.06 million. During the same period in the previous year, the company posted $0.32 EPS. As a group, sell-side analysts forecast that F.N.B. will post 1.45 EPS for the current fiscal year.

Institutional Investors Weigh In On F.N.B.

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in F.N.B. by 4.3% in the fourth quarter. GAMMA Investing LLC now owns 15,745 shares of the bank’s stock worth $269,000 after purchasing an additional 649 shares in the last quarter. Parallel Advisors LLC boosted its holdings in F.N.B. by 18.9% in the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after purchasing an additional 720 shares in the last quarter. Quent Capital LLC boosted its holdings in F.N.B. by 6.6% in the fourth quarter. Quent Capital LLC now owns 11,823 shares of the bank’s stock worth $202,000 after purchasing an additional 734 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in F.N.B. by 61.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock worth $62,000 after purchasing an additional 1,369 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in F.N.B. by 1.8% in the second quarter. Captrust Financial Advisors now owns 87,304 shares of the bank’s stock worth $1,273,000 after purchasing an additional 1,514 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors.

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.