F.N.B. (NYSE:FNB)‘s stock had its “buy” rating reaffirmed by research analysts at SunTrust Banks in a report released on Tuesday, January 9th. They currently have a $17.00 price objective on the bank’s stock. SunTrust Banks’ price objective points to a potential upside of 17.00% from the company’s previous close. SunTrust Banks also issued estimates for F.N.B.’s Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.17 EPS and FY2019 earnings at $1.27 EPS.
Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. ValuEngine lowered shares of F.N.B. from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 price objective on shares of F.N.B. in a research note on Tuesday, October 3rd. Royal Bank of Canada reissued a “hold” rating and issued a $15.00 price objective on shares of F.N.B. in a research note on Friday, October 20th. Finally, Stephens initiated coverage on shares of F.N.B. in a research note on Wednesday, December 13th. They issued an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. F.N.B. has a consensus rating of “Buy” and an average target price of $17.10.
F.N.B. (NYSE FNB) opened at $14.53 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $4,641.73 and a PE ratio of 15.27. F.N.B. has a 12 month low of $12.02 and a 12 month high of $16.33.
F.N.B. (NYSE:FNB) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. The company had revenue of $295.14 million during the quarter, compared to analyst estimates of $295.89 million. F.N.B. had a net margin of 16.00% and a return on equity of 6.69%. During the same quarter last year, the firm posted $0.24 earnings per share. equities analysts forecast that F.N.B. will post 1.13 EPS for the current year.
In other 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 bought at an average price of $12.93 per share, for a total transaction of $25,860.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.21% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of FNB. Vaughan Nelson Investment Management L.P. purchased a new position in F.N.B. in the fourth quarter worth approximately $42,816,000. JPMorgan Chase & Co. lifted its stake in F.N.B. by 5,740.8% in the second quarter. JPMorgan Chase & Co. now owns 2,778,289 shares of the bank’s stock worth $39,341,000 after acquiring an additional 2,730,722 shares during the last quarter. Royal Bank of Canada lifted its stake in F.N.B. by 1,517.2% in the second quarter. Royal Bank of Canada now owns 1,704,634 shares of the bank’s stock worth $24,137,000 after acquiring an additional 1,599,230 shares during the last quarter. Citadel Advisors LLC lifted its stake in F.N.B. by 583.6% in the third quarter. Citadel Advisors LLC now owns 1,858,469 shares of the bank’s stock worth $26,075,000 after acquiring an additional 1,586,590 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in F.N.B. by 55.0% in the second quarter. Goldman Sachs Group Inc. now owns 4,018,685 shares of the bank’s stock worth $56,904,000 after acquiring an additional 1,425,861 shares during the last quarter. Institutional investors own 75.92% 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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