F.N.B. (NYSE:FNB) Lowered to Sell at 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 report issued on Tuesday.

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

F.N.B. Trading Down 2.0 %

Shares of F.N.B. stock traded down $0.29 during trading on Tuesday, reaching $13.90. The company’s stock had a trading volume of 1,815,550 shares, compared to its average volume of 2,186,528. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 9.98 and a beta of 0.96. The firm’s 50-day moving average is $14.37 and its two-hundred day moving average is $13.85. F.N.B. has a 52-week low of $10.24 and a 52-week high of $15.65. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

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

Institutional Trading of F.N.B.

Several large investors have recently bought and sold shares of FNB. Norges Bank purchased a new position in shares of F.N.B. in the 4th quarter valued at approximately $49,533,000. AQR Capital Management LLC lifted its position in F.N.B. by 181.6% during the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after buying an additional 1,964,884 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of F.N.B. by 706.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,208,076 shares of the bank’s stock valued at $16,635,000 after buying an additional 1,058,293 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of F.N.B. by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after buying an additional 647,335 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of F.N.B. in the 2nd quarter worth about $2,802,000. 79.25% of the stock is owned by institutional investors.

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.