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

F.N.B. (NYSE:FNB) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $16.00 to $18.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 8.83% from the company’s current price.

FNB has been the topic of several other research reports. Wells Fargo & Company lifted their target price on F.N.B. from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday. Stephens upped their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Raymond James increased 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. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.67.

F.N.B. Stock Performance

Shares of NYSE FNB opened at $16.54 on Wednesday. The stock has a market cap of $5.95 billion, a PE ratio of 15.17 and a beta of 0.99. F.N.B. has a 1 year low of $12.47 and a 1 year high of $17.70. The firm has a fifty day moving average price of $15.27 and a 200-day moving average price of $14.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Kathleen S. Wright Associates Inc. purchased a new stake in F.N.B. during the third quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new position in F.N.B. during the third quarter worth $31,000. Richardson Financial Services Inc. increased its position in F.N.B. by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,473 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock worth $45,000 after acquiring an additional 1,764 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after acquiring an additional 1,665 shares during the last quarter. 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.