F.N.B. (FNB) Receives Buy Rating from SunTrust Banks

F.N.B. (NYSE:FNB)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks in a research report issued to clients and investors on Tuesday. They currently have a $17.00 price target on the bank’s stock. SunTrust Banks’ price objective would indicate a potential upside of 21.52% from the stock’s previous close. SunTrust Banks also issued estimates for F.N.B.’s FY2019 earnings at $1.27 EPS.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of F.N.B. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, January 3rd. ValuEngine cut shares of F.N.B. from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.50 target price on shares of F.N.B. in a report on Friday, December 22nd. Stephens began coverage on shares of F.N.B. in a report on Wednesday, December 13th. They set an “equal weight” rating on the stock. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $15.00 target price on shares of F.N.B. in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. F.N.B. currently has an average rating of “Buy” and an average price target of $17.20.

F.N.B. (FNB) opened at $13.99 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. F.N.B. has a 1-year low of $12.02 and a 1-year high of $16.33. The stock has a market cap of $4,540.00, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96.

F.N.B. (NYSE:FNB) last issued its earnings results on Thursday, October 19th. The bank reported $0.24 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. F.N.B. had a net margin of 19.95% and a return on equity of 6.81%. The company had revenue of $291.38 million for the quarter, compared to analysts’ expectations of $299.47 million. During the same period in the prior year, the business earned $0.24 EPS. equities analysts anticipate that F.N.B. will post 0.92 earnings per share for the current year.

In other news, insider Robert M. Moorehead purchased 5,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was acquired at an average cost of $13.46 per share, with a total value of $67,300.00. Following the completion of the transaction, the insider now owns 25,312 shares in the company, valued at approximately $340,699.52. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frank C. Mencini purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $12.93 per share, with a total value of $25,860.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 8,500 shares of company stock valued at $113,350. Insiders own 1.21% of the company’s stock.

Several institutional investors have recently made changes to their positions in FNB. Stifel Financial Corp raised its position in shares of F.N.B. by 1.9% in the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after purchasing an additional 202 shares during the last quarter. First Allied Advisory Services Inc. purchased a new position in shares of F.N.B. in the 3rd quarter valued at approximately $150,000. Park National Corp OH purchased a new position in shares of F.N.B. in the 3rd quarter valued at approximately $162,000. CIBC Asset Management Inc purchased a new position in shares of F.N.B. in the 3rd quarter valued at approximately $163,000. Finally, Raymond James Trust N.A. raised its position in shares of F.N.B. by 20.4% in the 2nd quarter. Raymond James Trust N.A. now owns 12,859 shares of the bank’s stock valued at $182,000 after purchasing an additional 2,181 shares during the last quarter. 75.96% of the stock is owned by hedge funds and other institutional investors.

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F.N.B. Company Profile

F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.

Analyst Recommendations for F.N.B. (NYSE:FNB)

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