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

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

FNB has been the subject of several other research reports. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Raymond James increased their price target on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Stephens upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods upped their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, F.N.B. has an average rating of “Moderate Buy” and an average price target of $17.50.

F.N.B. Price Performance

Shares of FNB 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. The firm has a market cap of $5.28 billion, a PE ratio of 13.48 and a beta of 0.99. F.N.B. has a twelve month low of $12.49 and a twelve month high of $17.70. The firm’s 50 day moving average price is $15.79 and its 200 day moving average price is $14.76.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business 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, research analysts expect that F.N.B. will post 1.34 EPS for the current fiscal year.

Insider Activity

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors have recently bought and sold shares of the business. CWM LLC lifted its holdings in shares of F.N.B. by 0.4% during the 3rd quarter. CWM LLC now owns 379,995 shares of the bank’s stock worth $5,362,000 after acquiring an additional 1,527 shares during the period. Jane Street Group LLC lifted its stake in F.N.B. by 780.7% during the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after purchasing an additional 316,515 shares during the period. Stifel Financial Corp boosted its holdings in F.N.B. by 6.6% during the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock valued at $405,000 after purchasing an additional 1,768 shares in the last quarter. Petiole USA ltd grew its stake in shares of F.N.B. by 48.1% in the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after purchasing an additional 57,000 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of F.N.B. in the 3rd quarter worth approximately $447,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

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.