F.N.B. (NYSE:FNB) Upgraded to Hold at StockNews.com

F.N.B. (NYSE:FNB) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

FNB has been the topic of several other reports. Stephens lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of F.N.B. in a research note on Wednesday, June 26th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.33.

F.N.B. Trading Down 3.6 %

Shares of NYSE FNB traded down $0.53 during midday trading on Monday, hitting $14.10. The stock had a trading volume of 2,795,813 shares, compared to its average volume of 2,199,189. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 10.01 and a beta of 0.96. F.N.B. has a 1-year low of $10.24 and a 1-year high of $15.65. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $14.17 and a 200 day moving average price of $13.90.

Institutional Investors Weigh In On F.N.B.

Several hedge funds have recently modified their holdings of the stock. Diversified Trust Co raised its holdings in shares of F.N.B. by 4.9% during the 2nd quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock valued at $231,000 after buying an additional 789 shares during the period. Miller Howard Investments Inc. NY increased its holdings in F.N.B. by 2.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank’s stock worth $480,000 after purchasing an additional 836 shares during the last quarter. Bank of Montreal Can increased its holdings in F.N.B. by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock worth $653,000 after purchasing an additional 1,040 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in F.N.B. by 1.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 82,458 shares of the bank’s stock worth $1,163,000 after purchasing an additional 1,304 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in F.N.B. by 19.7% during the 2nd quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock worth $127,000 after purchasing an additional 1,486 shares during the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

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.