F.N.B. Corporation (NYSE:FNB) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of F.N.B. Corporation (NYSE:FNB) from a hold rating to a sell rating in a research report sent to investors on Monday, July 24th.

A number of other equities analysts also recently commented on FNB. Zacks Investment Research upgraded shares of F.N.B. Corporation from a sell rating to a hold rating in a research note on Friday, March 31st. Keefe, Bruyette & Woods set a $16.00 target price on shares of F.N.B. Corporation and gave the stock a hold rating in a research note on Tuesday, April 4th. FBR & Co reiterated a buy rating and set a $19.00 target price on shares of F.N.B. Corporation in a research note on Wednesday, April 26th. Jefferies Group LLC set a $18.00 target price on shares of F.N.B. Corporation and gave the stock a buy rating in a research note on Saturday, May 6th. Finally, J P Morgan Chase & Co upgraded shares of F.N.B. Corporation from a neutral rating to an overweight rating and set a $17.50 target price for the company in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $17.75.

Shares of F.N.B. Corporation (NYSE FNB) traded down 0.69% during mid-day trading on Monday, hitting $12.99. The stock had a trading volume of 1,575,125 shares. F.N.B. Corporation has a 12 month low of $11.86 and a 12 month high of $16.43. The firm has a market cap of $4.17 billion, a PE ratio of 16.72 and a beta of 0.94. The stock’s 50-day moving average is $13.83 and its 200 day moving average is $14.43.

F.N.B. Corporation (NYSE:FNB) last issued its earnings results on Thursday, July 20th. The bank reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $284.50 million during the quarter, compared to the consensus estimate of $294.39 million. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Equities research analysts predict that F.N.B. Corporation will post $0.95 earnings per share for the current fiscal year.

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In related news, insider Gary L. Guerrieri sold 19,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $14.17, for a total value of $269,230.00. Following the completion of the sale, the insider now directly owns 55,707 shares of the company’s stock, valued at $789,368.19. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frank C. Mencini bought 2,500 shares of F.N.B. Corporation stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average cost of $13.57 per share, with a total value of $33,925.00. Following the completion of the acquisition, the director now directly owns 19,977 shares of the company’s stock, valued at approximately $271,087.89. The disclosure for this purchase can be found here. Over the last three months, insiders sold 29,000 shares of company stock valued at $403,260. 1.21% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Raymond James Trust N.A. boosted its stake in shares of F.N.B. Corporation by 0.6% in the first quarter. Raymond James Trust N.A. now owns 10,678 shares of the bank’s stock worth $159,000 after buying an additional 60 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of F.N.B. Corporation by 0.7% in the second 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 during the last quarter. Tyers Asset Management LLC boosted its stake in shares of F.N.B. Corporation by 5.5% in the first quarter. Tyers Asset Management LLC now owns 6,768 shares of the bank’s stock worth $101,000 after buying an additional 352 shares during the last quarter. Trust Co. of Toledo NA OH boosted its stake in shares of F.N.B. Corporation by 3.5% in the first quarter. Trust Co. of Toledo NA OH now owns 11,558 shares of the bank’s stock worth $172,000 after buying an additional 389 shares during the last quarter. Finally, Elkfork Partners LLC boosted its stake in shares of F.N.B. Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 9,306 shares of the bank’s stock worth $138,000 after buying an additional 484 shares during the last quarter. 75.89% of the stock is owned by institutional investors and hedge funds.

F.N.B. Corporation 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.

Analyst Recommendations for F.N.B. Corporation (NYSE:FNB)

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