Wells Fargo & Company Has Lowered Expectations for F.N.B. (NYSE:FNB) Stock Price

F.N.B. (NYSE:FNB) had its target price dropped by stock analysts at Wells Fargo & Company from $19.00 to $18.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 22.53% from the stock’s current price.

Other analysts also recently issued research reports about the company. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Keefe, Bruyette & Woods upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Stephens upped their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Raymond James raised their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

F.N.B. Stock Down 0.5 %

F.N.B. stock opened at $14.69 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. F.N.B. has a one year low of $12.49 and a one year high of $17.70. The company has a 50-day simple moving average of $15.79 and a 200-day simple moving average of $14.76. The firm has a market capitalization of $5.28 billion, a P/E ratio of 13.48 and a beta of 0.99.

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

Insiders Place Their Bets

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the transaction, the chief executive officer now owns 1,652,229 shares in the company, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.03% of the stock is currently owned by company insiders.

Institutional Trading of F.N.B.

Hedge funds have recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. purchased a new stake in shares of F.N.B. in the 3rd quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new stake in shares of F.N.B. in the third quarter valued at $31,000. Richardson Financial Services Inc. boosted its position in shares of F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after buying an additional 1,473 shares during the period. UMB Bank n.a. grew its holdings in shares of F.N.B. by 82.3% during the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after buying an additional 1,665 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in F.N.B. by 100.9% during the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after buying an additional 2,014 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

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.