F.N.B. (NYSE:FNB) Stock Rating Lowered by StockNews.com

F.N.B. (NYSE:FNB) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Several other research analysts have also recently issued reports on FNB. Piper Sandler upped their target price on shares of F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $16.00 target price on shares of F.N.B. in a report on Wednesday, June 26th. Finally, Stephens reiterated an “overweight” rating and set a $16.00 price target on shares of F.N.B. in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.29.

F.N.B. Trading Down 1.5 %

NYSE FNB opened at $13.69 on Tuesday. The firm has a 50 day moving average of $14.34 and a two-hundred day moving average of $13.85. F.N.B. has a 52 week low of $10.24 and a 52 week high of $15.65. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.92 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 10.27 and a beta of 0.96.

F.N.B. (NYSE:FNB) last issued its earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The company had revenue of $403.81 million during the quarter, compared to analyst estimates of $408.14 million. During the same quarter in the previous year, the company posted $0.39 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, research analysts expect that F.N.B. will post 1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On F.N.B.

Large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in F.N.B. during the 4th quarter worth $49,533,000. Rafferty Asset Management LLC raised its position in F.N.B. by 61.3% during the 4th quarter. Rafferty Asset Management LLC now owns 535,520 shares of the bank’s stock worth $7,374,000 after buying an additional 203,429 shares during the last quarter. SG Americas Securities LLC purchased a new position in F.N.B. during the 2nd quarter worth $920,000. Sei Investments Co. raised its position in F.N.B. by 5.8% during the 1st quarter. Sei Investments Co. now owns 1,341,044 shares of the bank’s stock worth $18,909,000 after buying an additional 73,016 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in F.N.B. during the 1st quarter worth $600,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.