Piper Sandler Has Lowered Expectations for F.N.B. (NYSE:FNB) Stock Price

F.N.B. (NYSE:FNB) had its price target dropped by investment analysts at Piper Sandler from $19.00 to $18.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. Piper Sandler’s price objective suggests a potential upside of 14.91% from the company’s previous close.

A number of other brokerages also recently weighed in on FNB. DA Davidson upped their price target on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods increased their price objective on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Stephens upped their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company decreased their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

F.N.B. Stock Performance

Shares of NYSE FNB traded up $0.12 during midday trading on Thursday, reaching $15.67. 330,180 shares of the company traded hands, compared to its average volume of 2,599,190. F.N.B. has a 52 week low of $12.49 and a 52 week high of $17.70. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 4.91 and a beta of 1.01. The stock has a 50-day moving average price of $15.70 and a 200 day moving average price of $14.88. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.

Insider Activity

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were 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 of the company’s stock, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNB. R Squared Ltd acquired a new stake in F.N.B. in the fourth quarter worth about $69,000. Pacer Advisors Inc. lifted its position in F.N.B. by 2.1% in the 4th quarter. Pacer Advisors Inc. now owns 53,598 shares of the bank’s stock valued at $792,000 after acquiring an additional 1,122 shares in the last quarter. KBC Group NV raised its holdings in F.N.B. by 1,164.9% during the fourth quarter. KBC Group NV now owns 286,765 shares of the bank’s stock worth $4,238,000 after acquiring an additional 264,094 shares in the last quarter. Bill Few Associates Inc. boosted its holdings in shares of F.N.B. by 1.1% in the 4th quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank’s stock valued at $1,365,000 after buying an additional 1,023 shares during the last quarter. Finally, HB Wealth Management LLC bought a new position in shares of F.N.B. in the fourth quarter valued at $174,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Company Profile

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.