F.N.B. (NYSE:FNB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

F.N.B. (NYSE:FNB)‘s stock had its “market perform” rating restated by investment analysts at Keefe, Bruyette & Woods in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $16.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 20.75% from the company’s current price.

Several other research firms have also commented on FNB. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, May 27th. Wells Fargo & Company upped their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Stephens decreased their target price on F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.14.

F.N.B. Trading Up 1.2 %

F.N.B. stock opened at $13.25 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. F.N.B. has a 12 month low of $10.24 and a 12 month high of $14.39. The stock’s 50 day simple moving average is $13.52 and its two-hundred day simple moving average is $13.48. The firm has a market cap of $4.77 billion, a PE ratio of 10.69, a P/E/G ratio of 9.32 and a beta of 0.99.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. The business had revenue of $406.87 million for the quarter, compared to analyst estimates of $406.96 million. During the same quarter in the prior year, the firm posted $0.40 EPS. Analysts anticipate that F.N.B. will post 1.4 earnings per share for the current year.

Insider Activity

In other news, Director William B. Campbell acquired 2,500 shares of F.N.B. stock in a transaction that occurred on Tuesday, April 23rd. The stock was purchased at an average cost of $13.48 per share, with a total value of $33,700.00. Following the purchase, the director now owns 149,458 shares in the company, valued at $2,014,693.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in F.N.B. by 20.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,449,816 shares of the bank’s stock valued at $26,434,000 after purchasing an additional 413,698 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in F.N.B. by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,292,019 shares of the bank’s stock valued at $293,193,000 after purchasing an additional 136,104 shares during the last quarter. Norges Bank acquired a new position in F.N.B. in the 4th quarter valued at $49,533,000. Rafferty Asset Management LLC raised its stake in F.N.B. by 61.3% in the 4th quarter. Rafferty Asset Management LLC now owns 535,520 shares of the bank’s stock valued at $7,374,000 after purchasing an additional 203,429 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in F.N.B. by 31.0% in the 4th quarter. Federated Hermes Inc. now owns 378,727 shares of the bank’s stock valued at $5,215,000 after purchasing an additional 89,637 shares during the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Company Profile

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.