F.N.B. (NYSE:FNB)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a research report issued on Thursday, January 25th. They currently have a $17.00 target price on the bank’s stock. Jefferies Group’s price objective would suggest a potential upside of 22.74% from the stock’s current price.
FNB has been the topic of a number of other reports. Zacks Investment Research raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. ValuEngine downgraded F.N.B. from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 target price on shares of F.N.B. in a report on Tuesday, October 3rd. Royal Bank of Canada reissued a “hold” rating and issued a $15.00 target price on shares of F.N.B. in a report on Friday, October 20th. Finally, SunTrust Banks reissued a “buy” rating and issued a $17.00 target price on shares of F.N.B. in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. F.N.B. currently has an average rating of “Buy” and an average price target of $17.10.
F.N.B. (NYSE FNB) opened at $13.85 on Thursday. F.N.B. has a 1-year low of $12.02 and a 1-year high of $16.33. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4,480.00, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91.
F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. F.N.B. had a return on equity of 6.69% and a net margin of 16.00%. The firm had revenue of $295.14 million for the quarter, compared to analyst estimates of $295.89 million. During the same period in the previous year, the company posted $0.24 earnings per share. equities research analysts anticipate that F.N.B. will post 1.13 EPS for the current year.
In related news, Director Frank C. Mencini bought 2,000 shares of F.N.B. stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $13.81 per share, with a total value of $27,620.00. Following the purchase, the director now owns 24,611 shares in the company, valued at $339,877.91. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William B. Campbell sold 3,300 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $14.48, for a total transaction of $47,784.00. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 6,250 shares of company stock valued at $86,633. 1.21% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in FNB. Riverhead Capital Management LLC boosted its stake in shares of F.N.B. by 140.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 18,007 shares of the bank’s stock worth $255,000 after buying an additional 10,507 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in shares of F.N.B. during the 2nd quarter worth about $1,284,000. GSA Capital Partners LLP acquired a new position in shares of F.N.B. during the 2nd quarter worth about $273,000. Vanguard Group Inc. boosted its stake in shares of F.N.B. by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 27,139,637 shares of the bank’s stock worth $384,298,000 after buying an additional 781,511 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of F.N.B. by 15.5% during the 2nd quarter. FMR LLC now owns 9,337,204 shares of the bank’s stock worth $132,214,000 after buying an additional 1,253,800 shares during the last quarter. 76.62% of the stock is owned by hedge funds and other institutional investors.
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F.N.B. Company Profile
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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