F.N.B. (NYSE:FNB) Stock Price Expected to Rise, Raymond James Analyst Says

F.N.B. (NYSE:FNB) had its target price boosted by investment analysts at Raymond James from $17.00 to $19.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the bank’s stock. Raymond James’ price objective points to a potential upside of 13.10% from the stock’s current price.

FNB has been the topic of several other reports. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Stephens raised their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.83.

F.N.B. Price Performance

F.N.B. stock traded up $0.39 during mid-day trading on Thursday, hitting $16.80. 945,135 shares of the company were exchanged, compared to its average volume of 2,217,907. The company has a market capitalization of $6.04 billion, a PE ratio of 15.49 and a beta of 0.95. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $14.69 and a 200 day moving average of $14.23. F.N.B. has a 1-year low of $11.55 and a 1-year high of $16.97.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. As a group, sell-side analysts expect that F.N.B. will post 1.34 earnings per share for the current year.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in F.N.B. by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after purchasing an additional 1,964,884 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in F.N.B. during the 3rd quarter worth about $14,190,000. Dimensional Fund Advisors LP raised its position in shares of F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after acquiring an additional 647,335 shares in the last quarter. Jane Street Group LLC boosted its position in shares of F.N.B. by 780.7% during the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after purchasing an additional 316,515 shares in the last quarter. Finally, State Street Corp grew its stake in F.N.B. by 1.9% during the third quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after purchasing an additional 278,825 shares during the period. 79.25% of the stock is currently owned by institutional investors.

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.