F.N.B. (NYSE:FNB) Downgraded by StockNews.com

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

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

F.N.B. Trading Down 0.4 %

FNB stock opened at $13.79 on Tuesday. F.N.B. has a 12 month low of $10.24 and a 12 month high of $15.65. The firm’s 50-day moving average is $14.15 and its 200 day moving average is $13.87. The company has a market capitalization of $4.96 billion, a PE ratio of 11.12, a P/E/G ratio of 10.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.91.

F.N.B. (NYSE:FNB) last issued its earnings results on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The company had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $408.14 million. F.N.B. had a return on equity of 9.04% and a net margin of 18.27%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. On average, research analysts anticipate that F.N.B. will post 1.38 EPS for the current year.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of F.N.B. during the first quarter worth $45,000. GAMMA Investing LLC increased its position in F.N.B. by 113.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after buying an additional 1,764 shares in the last quarter. Blue Trust Inc. raised its stake in F.N.B. by 19.7% in the second quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock valued at $127,000 after buying an additional 1,486 shares during the last quarter. Hart & Patterson Financial Group LLC acquired a new stake in F.N.B. in the fourth quarter worth about $140,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of F.N.B. during the second quarter worth about $140,000. Hedge funds and other 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.