Weiss Ratings Reaffirms Buy (B-) Rating for F.N.B. (NYSE:FNB)

F.N.B. (NYSE:FNB)‘s stock had its “buy (b-)” rating reissued by investment analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $18.50 target price (up previously from $16.50) on shares of F.N.B. in a report on Monday, July 21st. DA Davidson cut F.N.B. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Wall Street Zen upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Truist Financial boosted their target price on F.N.B. from $18.00 to $18.50 and gave the stock a “buy” rating in a report on Monday, October 20th. Finally, Wells Fargo & Company boosted their target price on F.N.B. from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.83.

F.N.B. Stock Up 0.7%

FNB opened at $15.71 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The business has a 50-day moving average of $16.07 and a two-hundred day moving average of $15.08. 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 posted its quarterly earnings results on Thursday, June 20th. The bank reported $0.40 EPS for the quarter. F.N.B. had a return on equity of 8.22% and a net margin of 19.23%.The company had revenue of $419.30 million during the quarter. On average, research analysts expect that F.N.B. will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently bought and sold shares of FNB. OneDigital Investment Advisors LLC boosted its stake in shares of F.N.B. by 19.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 18,938 shares of the bank’s stock valued at $255,000 after buying an additional 3,086 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of F.N.B. by 332.9% during the 1st quarter. Deutsche Bank AG now owns 93,174 shares of the bank’s stock valued at $1,253,000 after buying an additional 71,650 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of F.N.B. by 4.8% during the 1st quarter. Teacher Retirement System of Texas now owns 88,338 shares of the bank’s stock valued at $1,188,000 after buying an additional 4,078 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of F.N.B. by 159.3% during the 1st quarter. GSA Capital Partners LLP now owns 83,041 shares of the bank’s stock valued at $1,117,000 after buying an additional 51,011 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of F.N.B. by 7.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,438 shares of the bank’s stock valued at $571,000 after buying an additional 2,983 shares during 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, 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.