F.N.B. (NYSE:FNB) Price Target Lowered to $18.00 at Piper Sandler

F.N.B. (NYSE:FNB) had its price target decreased by equities researchers at Piper Sandler from $19.00 to $18.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Piper Sandler’s target price would indicate a potential upside of 14.91% from the stock’s previous close.

Several other research analysts also recently issued reports on FNB. DA Davidson raised their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Raymond James increased their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Stephens upped their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods increased their target price on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Stock Performance

Shares of F.N.B. stock traded up $0.12 on Thursday, hitting $15.67. The stock had a trading volume of 330,180 shares, compared to its average volume of 2,599,190. The company’s 50 day moving average price is $15.70 and its 200 day moving average price is $14.88. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 4.91 and a beta of 1.01. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. F.N.B. has a 52-week low of $12.49 and a 52-week high of $17.70.

Insiders Place Their Bets

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the sale, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On F.N.B.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kathleen S. Wright Associates Inc. bought a new position in F.N.B. during the third quarter worth $28,000. Brooklyn Investment Group acquired a new position in shares of F.N.B. in the 3rd quarter valued at about $31,000. Richardson Financial Services Inc. lifted its holdings in F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares during the last quarter. UMB Bank n.a. lifted its holdings in F.N.B. by 82.3% in the third 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. Finally, Versant Capital Management Inc grew its holdings in shares of F.N.B. by 100.9% during the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after purchasing an additional 2,014 shares during the last quarter. 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.