FNB (NYSE:FNB) Downgraded by StockNews.com

FNB (NYSE:FNB – Get a Free Report) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report on Tuesday.

FNB has been the subject of a number of other reports. Piper Sandler boosted their price objective on shares of FNB from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $16.00 target price on shares of FNB in ​​a research note on Wednesday, June 26th. Finally, Stephens reaffirmed an “overweight” rating and set a $16.00 price objective on shares of FNB in ​​a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. FNB presently has an average rating of “Moderate Buy” and an average target price of $15.29, based on data from MarketBeat.

Read our latest ETF analysis

ETF stock down 2.0%

FNB stock traded down $0.29 during mid-day trading on Tuesday, reaching $13.90. The company had a trading volume of 1,815,550 shares, compared to its average volume of 2,186,528. FNB has a 12-month low of $10.24 and a 12-month high of $15.65. The company has a market cap of $5.00 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96. The stock’s 50-day moving average price is $14.37, and its two-hundred-day moving average price is $13.85. The company has a current ratio of 0.92, a quick ratio of 0.91, and a debt-to-equity ratio of 0.33.

FNB (NYSE:FNB – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $408.14 million. FNB had a net margin of 18.27% and a return on equity of 9.04%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company posted earnings of $0.39 per share. As a group, sell-side analysts anticipate that FNB will post 1.38 earnings per share for the current fiscal year.

ETF Institutional Trading

Major investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of FNB in ​​the fourth quarter valued at $49,533,000. AQR Capital Management LLC boosted its holdings in FNB 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 of shares during the period. Public Employees Retirement Association of Colorado lifted its position in ETF by 706.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,208,076 shares of the bank’s stock valued at $16,635,000 after purchasing an additional 1,058,293 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in FNB by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after buying an additional 647,335 shares during the period. Finally, Choreo LLC purchased a new stake in FNB in ​​the second quarter valued at about $2,802,000. 79.25% of shares are currently owned by institutional investors.

FNB Company Profile

(Get a free report)

FNB Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments and small and medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management and Insurance.

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