F.N.B. (NYSE:FNB) Hits New 1-Year High – Here’s Why

F.N.B. Co. (NYSE:FNB) hit a new 52-week high on Wednesday . The company traded as high as $15.90 and last traded at $15.79, with a volume of 211207 shares changing hands. The stock had previously closed at $14.55.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. 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 raised their target price 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. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.33.

F.N.B. Stock Performance

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 firm has a market capitalization of $5.77 billion, a PE ratio of 14.73 and a beta of 0.95. The firm’s 50-day moving average price is $14.31 and its two-hundred day moving average price is $14.04.

Institutional Trading of F.N.B.

Several large investors have recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. purchased a new position in shares of F.N.B. during the third quarter valued at $28,000. Richardson Financial Services Inc. boosted its position in F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares during the period. LRI Investments LLC purchased a new position in F.N.B. during the 1st quarter valued at about $45,000. GAMMA Investing LLC increased its holdings in shares of F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,764 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,665 shares during the period. 79.25% of the stock is 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.