F.N.B. (NYSE:FNB) Hits New 12-Month High – What’s Next?

F.N.B. Co. (NYSE:FNB)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $16.91 and last traded at $16.90, with a volume of 68098 shares. The stock had previously closed at $16.77.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FNB. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Finally, Stephens lifted their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.33.

F.N.B. Trading Down 0.2 %

The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 15.39 and a beta of 0.95. The business has a fifty day simple moving average of $14.37 and a 200 day simple moving average of $14.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93.

F.N.B. (NYSE:FNB) last issued its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The firm had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. As a group, equities analysts anticipate that F.N.B. Co. will post 1.34 EPS for the current year.

Institutional Trading of F.N.B.

Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position in F.N.B. by 25.2% in the 1st quarter. BNP Paribas Financial Markets now owns 36,509 shares of the bank’s stock valued at $515,000 after buying an additional 7,344 shares in the last quarter. Janney Montgomery Scott LLC raised its position in F.N.B. by 5.1% in the first quarter. Janney Montgomery Scott LLC now owns 60,472 shares of the bank’s stock worth $853,000 after acquiring an additional 2,914 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of F.N.B. during the 1st quarter valued at about $600,000. Sei Investments Co. boosted its holdings in F.N.B. by 5.8% during the first 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 in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of F.N.B. by 5.2% in the first quarter. Russell Investments Group Ltd. now owns 222,177 shares of the bank’s stock worth $3,133,000 after buying an additional 11,073 shares during the period. Institutional investors own 79.25% of the company’s stock.

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.