F.N.B. (NYSE:FNB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, December 19th.
According to Zacks, “FNB Corporation is a diversified financial services company serving banking, trust, consumer finance and insurance customers through community banking affiliates and other subsidiaries with offices in Florida, Pennsylvania, Ohio and Tennessee. “
FNB has been the subject of several other reports. Stephens started coverage on shares of F.N.B. in a research note on Wednesday, December 13th. They set an “equal weight” rating for the company. Royal Bank of Canada reissued a “hold” rating and set a $15.00 price objective on shares of F.N.B. in a research note on Friday, October 20th. ValuEngine cut shares of F.N.B. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Boenning Scattergood raised shares of F.N.B. from a “neutral” rating to an “outperform” rating in a research report on Monday, August 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.00 price target on shares of F.N.B. in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. F.N.B. currently has an average rating of “Buy” and a consensus target price of $17.20.
Shares of F.N.B. (NYSE:FNB) traded up $0.18 during midday trading on Tuesday, hitting $14.44. 1,618,146 shares of the stock traded hands, compared to its average volume of 2,318,744. F.N.B. has a one year low of $12.02 and a one year high of $16.33. The stock has a market cap of $4,660.00, a PE ratio of 18.51, a PEG ratio of 1.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82.
F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.24 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. F.N.B. had a net margin of 19.95% and a return on equity of 6.81%. The company had revenue of $291.38 million during the quarter, compared to analysts’ expectations of $299.47 million. During the same period in the previous year, the company earned $0.24 EPS. sell-side analysts forecast that F.N.B. will post 0.92 earnings per share for the current fiscal year.
In other F.N.B. news, Director Frank C. Mencini purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $12.93 per share, with a total value of $25,860.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert M. Moorehead acquired 5,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was purchased at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the acquisition, the insider now directly owns 25,312 shares in the company, valued at $340,699.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 8,500 shares of company stock valued at $113,350. 1.21% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in F.N.B. by 1.9% in the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock worth $150,000 after buying an additional 202 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in F.N.B. by 0.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,153 shares of the bank’s stock worth $668,000 after buying an additional 343 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in F.N.B. by 2.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 25,966 shares of the bank’s stock worth $368,000 after buying an additional 654 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in F.N.B. by 14.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,082 shares of the bank’s stock worth $199,000 after buying an additional 1,823 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in F.N.B. by 20.4% in the 2nd quarter. Raymond James Trust N.A. now owns 12,859 shares of the bank’s stock worth $182,000 after buying an additional 2,181 shares in the last quarter. Hedge funds and other institutional investors own 75.96% of the company’s stock.
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F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.
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