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

F.N.B. (NYSE:FNB) had its price objective dropped by research analysts at Piper Sandler from $19.00 to $18.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Piper Sandler’s price objective points to a potential upside of 15.90% from the stock’s current price.

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

F.N.B. Stock Up 0.1 %

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

Insider Transactions at F.N.B.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FNB. Calamos Wealth Management LLC bought a new position in F.N.B. in the 4th quarter valued at $190,000. Trust Point Inc. boosted its position in shares of F.N.B. by 27.8% in the fourth quarter. Trust Point Inc. now owns 22,310 shares of the bank’s stock valued at $330,000 after acquiring an additional 4,854 shares during the period. DAVENPORT & Co LLC grew its position in shares of F.N.B. by 88.0% during the 4th quarter. DAVENPORT & Co LLC now owns 27,346 shares of the bank’s stock valued at $404,000 after purchasing an additional 12,798 shares in the last quarter. EMC Capital Management increased its stake in F.N.B. by 106.2% in the 4th quarter. EMC Capital Management now owns 25,473 shares of the bank’s stock worth $376,000 after acquiring an additional 13,120 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of F.N.B. in the fourth quarter worth approximately $69,000. 79.25% of the stock is owned by institutional investors and hedge funds.

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.