DA Davidson Boosts F.N.B. (NYSE:FNB) Price Target to $20.00

F.N.B. (NYSE:FNB) had its price objective lifted by stock analysts at DA Davidson from $19.00 to $20.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. DA Davidson’s target price suggests a potential upside of 28.77% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company lowered their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Raymond James boosted their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Price Performance

FNB stock opened at $15.53 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.92. The company’s 50-day moving average is $15.66 and its 200-day moving average is $14.90. The stock has a market capitalization of $5.58 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 4.80 and a beta of 1.01. F.N.B. has a 1 year low of $12.49 and a 1 year high of $17.70.

Insider Activity at F.N.B.

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

Hedge Funds Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kathleen S. Wright Associates Inc. bought a new position in F.N.B. in the 3rd quarter worth $28,000. Brooklyn Investment Group purchased a new position in shares of F.N.B. during the third quarter valued at about $31,000. Richardson Financial Services Inc. raised its stake 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 buying an additional 1,473 shares in 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 buying an additional 1,665 shares during the period. Finally, Versant Capital Management Inc boosted its position in F.N.B. by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after acquiring an additional 2,014 shares in 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.