F.N.B. (NYSE:FNB) Raised to Hold at StockNews.com

F.N.B. (NYSE:FNB) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

A number of other research firms have also issued reports on FNB. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday. Stephens increased their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $16.00 price objective on shares of F.N.B. in a research report on Wednesday, June 26th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and an average target price of $16.33.

F.N.B. Stock Up 1.9 %

Shares of NYSE FNB opened at $14.36 on Monday. The firm’s 50-day moving average is $14.18 and its two-hundred day moving average is $13.91. The company has a market capitalization of $5.17 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 10.01 and a beta of 0.96. F.N.B. has a 12-month low of $10.24 and a 12-month high of $15.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.91.

Hedge Funds Weigh In On F.N.B.

Several institutional investors have recently added to or reduced their stakes in FNB. AQR Capital Management LLC grew its holdings in F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after buying an additional 1,964,884 shares during the period. Dimensional Fund Advisors LP grew its holdings in F.N.B. by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after purchasing an additional 647,335 shares during the period. Exchange Traded Concepts LLC acquired a new position in F.N.B. during the third quarter worth approximately $3,292,000. Choreo LLC purchased a new position in F.N.B. during the second quarter worth approximately $2,802,000. Finally, Vanguard Group Inc. boosted its holdings in shares of F.N.B. by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock valued at $541,806,000 after purchasing an additional 156,120 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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.