StockNews.com Upgrades F.N.B. (NYSE:FNB) to “Hold”

F.N.B. (NYSE:FNB) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

FNB has been the subject of a number of other research reports. Stephens boosted their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $16.00 price target on shares of F.N.B. in a research report on Wednesday, June 26th. Finally, Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research report on Friday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.33.

F.N.B. Stock Up 1.9 %

FNB opened at $14.36 on Monday. F.N.B. has a one year low of $10.24 and a one year high of $15.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $5.17 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 10.01 and a beta of 0.96. The business’s 50-day simple moving average is $14.18 and its 200-day simple moving average is $13.91.

Institutional Trading of F.N.B.

Several hedge funds have recently made changes to their positions in FNB. Kathleen S. Wright Associates Inc. purchased a new position in F.N.B. during the third quarter worth about $28,000. LRI Investments LLC purchased a new position in shares of F.N.B. during the 1st quarter worth approximately $45,000. 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 valued at $45,000 after buying an additional 1,764 shares during the period. UMB Bank n.a. boosted its stake in shares of F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after buying an additional 1,665 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in F.N.B. by 16.7% during the third quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock worth $79,000 after acquiring an additional 799 shares during the period. Institutional investors and hedge funds 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.