Keefe, Bruyette & Woods Issues Positive Forecast for F.N.B. (NYSE:FNB) Stock Price
by Teresa Graham · The Cerbat GemF.N.B. (NYSE:FNB – Get Free Report) had its price target hoisted by equities research analysts at Keefe, Bruyette & Woods from $20.00 to $21.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 17.25% from the company’s previous close.
Other research analysts also recently issued reports about the company. Piper Sandler restated an “overweight” rating and issued a $21.00 price target (up from $20.00) on shares of F.N.B. in a research note on Thursday, January 22nd. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research note on Monday, December 29th. Finally, Truist Financial upped their price target on F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a research note on Monday. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, F.N.B. currently has an average rating of “Buy” and a consensus target price of $20.20.
Read Our Latest Research Report on F.N.B.
F.N.B. Trading Down 0.2%
Shares of NYSE:FNB opened at $17.91 on Monday. The stock has a 50 day moving average of $17.15 and a 200 day moving average of $16.88. The company has a market cap of $6.36 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.88 and a beta of 0.87. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. F.N.B. has a 12-month low of $12.33 and a 12-month high of $19.14.
F.N.B. (NYSE:FNB – Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.The company had revenue of $450.26 million during the quarter, compared to the consensus estimate of $454.06 million. During the same period in the previous year, the company posted $0.32 EPS. As a group, equities research analysts expect that F.N.B. will post 1.45 EPS for the current year.
Institutional Trading of F.N.B.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its stake in F.N.B. by 585.2% in the first quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock worth $5,990,000 after purchasing an additional 305,961 shares during the period. Nations Financial Group Inc. IA ADV grew its position in shares of F.N.B. by 17.4% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 13,079 shares of the bank’s stock worth $219,000 after buying an additional 1,934 shares in the last quarter. State of Tennessee Department of Treasury grew its position in shares of F.N.B. by 3.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 175,396 shares of the bank’s stock worth $3,078,000 after buying an additional 6,402 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of F.N.B. by 7.0% during the 4th quarter. Russell Investments Group Ltd. now owns 163,926 shares of the bank’s stock worth $2,805,000 after buying an additional 10,727 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of F.N.B. by 7.4% during the 4th quarter. Captrust Financial Advisors now owns 98,869 shares of the bank’s stock worth $1,691,000 after buying an additional 6,821 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.
F.N.B. Company Profile
F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.
The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.