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

F.N.B. (NYSE:FNB - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Monday.

A number of other brokerages have also recently weighed in on FNB. Piper Sandler restated an "overweight" rating on shares of F.N.B. in a research report on Friday. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $16.00 price target on shares of F.N.B. in a research report on Wednesday, June 26th. Finally, Stephens increased 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, F.N.B. currently has a consensus rating of "Moderate Buy" and an average price target of $16.33.

F.N.B. Price Performance

Shares of FNB stock traded down $0.53 during mid-day trading on Monday, reaching $14.10. The stock had a trading volume of 2,795,813 shares, compared to its average volume of 2,199,189. F.N.B. has a 12-month low of $10.24 and a 12-month high of $15.65. The company has a market cap of $5.07 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 10.01 and a beta of 0.96. The business has a 50-day simple moving average of $14.17 and a 200 day simple moving average of $13.90. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

Institutional Trading of F.N.B.

Large investors have recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. acquired a new stake in F.N.B. in the 3rd quarter worth about $28,000. LRI Investments LLC acquired a new stake in F.N.B. in the 1st quarter worth about $45,000. GAMMA Investing LLC boosted its stake in F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank's stock worth $45,000 after buying an additional 1,764 shares during the last quarter. UMB Bank n.a. boosted its stake in F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank's stock worth $52,000 after buying an additional 1,665 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in F.N.B. by 19.7% in the 2nd quarter. Blue Trust Inc. now owns 9,042 shares of the bank's stock worth $127,000 after buying an additional 1,486 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.