DA Davidson Issues Positive Forecast for F.N.B. (NYSE:FNB) Stock Price

F.N.B. (NYSE:FNB) had its price objective increased by DA Davidson from $19.00 to $20.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. DA Davidson’s price objective suggests a potential upside of 27.19% from the stock’s previous close.

Other research analysts have also issued reports about the stock. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Raymond James lifted their target price on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Stephens boosted their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, Wells Fargo & Company dropped their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Two 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $18.33.

F.N.B. Stock Up 1.1 %

NYSE:FNB traded up $0.18 during trading hours on Thursday, hitting $15.73. 296,937 shares of the company traded hands, compared to its average volume of 2,596,568. 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 company has a market cap of $5.65 billion, a PE ratio of 14.42, a PEG ratio of 4.91 and a beta of 1.01. The firm’s 50-day simple moving average is $15.70 and its 200-day simple moving average is $14.88. F.N.B. has a one year low of $12.49 and a one year high of $17.70.

Insider Activity

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at $27,261,778.50. This represents a 7.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FNB. AQR Capital Management LLC lifted its position in F.N.B. by 181.6% during the second 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. Point72 Asset Management L.P. purchased a new position in F.N.B. in the 3rd quarter worth about $14,190,000. Assenagon Asset Management S.A. boosted its holdings in shares of F.N.B. by 490.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank’s stock valued at $13,741,000 after acquiring an additional 772,134 shares during the last quarter. Jane Street Group LLC grew its stake in shares of F.N.B. by 780.7% in the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after acquiring an additional 316,515 shares during the period. Finally, State Street Corp raised its holdings in shares of F.N.B. by 1.9% during the third quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock valued at $214,266,000 after purchasing an additional 278,825 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.