F.N.B. (NYSE:FNB) Price Target Raised to $20.00 at DA Davidson

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

Other research analysts have also issued research reports about the company. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Wells Fargo & Company cut their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Raymond James raised their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Stephens increased 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 report on Monday, October 21st. Finally, Keefe, Bruyette & Woods upped their price target on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.33.

F.N.B. Price Performance

NYSE:FNB traded up $0.18 during trading hours on Thursday, reaching $15.73. The stock had a trading volume of 296,937 shares, compared to its average volume of 2,596,568. The company has a 50 day moving average price of $15.70 and a two-hundred day moving average price of $14.88. F.N.B. has a 52 week low of $12.49 and a 52 week high of $17.70. The stock has a market capitalization of $5.65 billion, a PE ratio of 14.42, a PEG ratio of 4.91 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93.

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 on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

Several institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC increased its holdings in F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after acquiring an additional 1,964,884 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of F.N.B. in the third quarter valued at about $14,190,000. Assenagon Asset Management S.A. increased its stake in shares of F.N.B. by 490.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank’s stock worth $13,741,000 after purchasing an additional 772,134 shares in the last quarter. Jane Street Group LLC lifted its stake in F.N.B. by 780.7% in the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after buying an additional 316,515 shares in the last quarter. Finally, State Street Corp boosted its holdings in F.N.B. by 1.9% in the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after buying 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.