F.N.B. (NYSE:FNB) Upgraded to Outperform at Keefe, Bruyette & Woods

F.N.B. (NYSE:FNB) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Monday,Benzinga reports. The brokerage currently has a $16.50 price objective on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 31.01% from the stock’s previous close.

FNB has been the topic of several other reports. Piper Sandler dropped their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. DA Davidson restated a “buy” rating and set a $19.00 target price on shares of F.N.B. in a report on Thursday. Finally, Wells Fargo & Company decreased their price target on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.75.

F.N.B. Trading Up 3.0 %

NYSE:FNB opened at $12.59 on Monday. The company has a 50-day moving average price of $13.56 and a 200-day moving average price of $14.76. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 3.60 and a beta of 0.86. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. has a 12 month low of $10.88 and a 12 month high of $17.70.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The business had revenue of $411.61 million during the quarter, compared to analyst estimates of $409.52 million. During the same period last year, the business posted $0.34 earnings per share. Equities analysts predict that F.N.B. will post 1.45 EPS for the current year.

Insider Activity at F.N.B.

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the sale, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William B. Campbell purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of $15.57 per share, with a total value of $46,710.00. Following the purchase, the director now directly owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.37% of the stock is owned by insiders.

Institutional Trading of F.N.B.

A number of institutional investors have recently made changes to their positions in FNB. Oak Thistle LLC lifted its position in F.N.B. by 117.7% during the fourth quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock valued at $1,415,000 after purchasing an additional 51,763 shares during the period. Prudential Financial Inc. lifted its holdings in shares of F.N.B. by 51.1% during the 4th quarter. Prudential Financial Inc. now owns 112,920 shares of the bank’s stock valued at $1,669,000 after buying an additional 38,180 shares during the period. Stifel Financial Corp boosted its stake in shares of F.N.B. by 6.6% in the 3rd quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock worth $405,000 after buying an additional 1,768 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in F.N.B. by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock valued at $58,239,000 after acquiring an additional 51,862 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in F.N.B. by 40.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank’s stock valued at $84,000 after acquiring an additional 1,631 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.