F.N.B. (NYSE:FNB) Lowered to Sell at ValuEngine

ValuEngine lowered shares of F.N.B. (NYSE:FNB) from a hold rating to a sell rating in a research report released on Wednesday, ValuEngine reports.

FNB has been the subject of several other reports. Zacks Investment Research raised shares of F.N.B. from a sell rating to a hold rating in a research note on Thursday, October 10th. Raymond James raised their target price on shares of F.N.B. from $13.00 to $14.00 and gave the stock an outperform rating in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $13.33.

F.N.B. stock traded up $0.13 during midday trading on Wednesday, reaching $12.15. 176,328 shares of the company traded hands, compared to its average volume of 1,680,421. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.29. The business has a 50 day moving average of $11.26 and a two-hundred day moving average of $11.42. F.N.B. has a 12 month low of $9.35 and a 12 month high of $12.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.84 and a quick ratio of 0.83.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. F.N.B. had a net margin of 25.79% and a return on equity of 8.55%. During the same period in the prior year, the firm earned $0.30 EPS. As a group, equities analysts forecast that F.N.B. will post 1.16 EPS for the current year.

In other F.N.B. news, Director James D. Chiafullo acquired 3,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $10.85 per share, for a total transaction of $32,550.00. Following the purchase, the director now owns 66,847 shares in the company, valued at approximately $725,289.95. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David L. Motley acquired 2,500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $11.12 per share, with a total value of $27,800.00. Following the completion of the purchase, the director now owns 36,320 shares in the company, valued at approximately $403,878.40. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 6,000 shares of company stock worth $66,460. 0.59% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in shares of F.N.B. by 59.7% in the second quarter. Parallel Advisors LLC now owns 2,747 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,027 shares during the period. Atwater Malick LLC acquired a new position in F.N.B. in the third quarter valued at about $58,000. Steward Partners Investment Advisory LLC acquired a new position in F.N.B. in the second quarter valued at about $60,000. AGF Investments LLC lifted its position in F.N.B. by 44.1% in the second quarter. AGF Investments LLC now owns 5,574 shares of the bank’s stock valued at $66,000 after buying an additional 1,707 shares during the last quarter. Finally, Signaturefd LLC lifted its position in F.N.B. by 28.6% in the third quarter. Signaturefd LLC now owns 6,075 shares of the bank’s stock valued at $70,000 after buying an additional 1,351 shares during the last quarter. 74.94% of the stock is owned by institutional investors.

F.N.B. Company Profile

F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.

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