F.N.B. Corporation (NYSE:FNB) has been downgraded by Raymond James on July 25 which now rates the stock as Outperform compared with Strong Buy rating suggested in the past. Analysts at Stephens, started covering the stock on December 13 with a Equal-Weight rating. The stock won favor of Boenning & Scattergood analysts who expressed their confidence in it using an upgrade from Neutral to Outperform on August 28. FIG Partners analysts came out with bullish views on July 24 when the call was made. They think the stock is now Outperform compared to to their prior call for Market Perform.
F.N.B. Corporation (FNB) hit an intraday high Thursday at $11.42. The shares finished at $11.31, after trading as low as $11.165 earlier in the session. It dropped -1.99% in recent trade and currently has a stock-market value of $3.66B. Trading activity significantly improved as the volume at ready counter increased to 3,487,818 shares versus 2,151,895 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,516,646 shares. The stock is now 2.54% above against its bear-market low of $11.03 on October 26, 2018. It has retreated -31.83% since it’s 52-week high of $14.91 reached in March. Now the market price is down -19.96% on the year and down -18.16% YTD.
FNB’s 50 day simple moving average (SMA 50) price is $12.12 and its 200-day simple moving average (SMA 200) price is $13.18. The company’s stock currently has a total float of 321.35M shares. Its weekly volatility is hovering around 2.98% and felt 2.45% volatility in price over a month. On the upside, the share price will test short term resistance at around $11.43. On a downside, the stock is likely to find some support, which begins at $11.18. The failure to get near-term support could push it to $11.04.
Separately, it has been reported that multiple insider activity took place at F.N.B. Corporation (FNB). Director Dively Mary Jo acquired 3,000 shares for $11,900 in transaction occurred on 2018/11/12. After making this transaction, the Director owns a direct stake of 36,720 shares, worth $134,589, as per the last closing price. On 2018/11/05 Robinson Barry C, Chief Consumer Banking Officer at FNB, purchased 2,500 shares at an average price of $12.09 per share. The new stake is valued at $441,678.
Director, Bena Pamela A had invested in 1,000 shares for $14,250 through a trade on 2018/10/30. Following this activity, the insider holds 11,690 shares worth $161,168 as of recent close. Wall Street’s most bullish F.N.B. Corporation (NYSE:FNB) analysts are predicting the share price to blow past $16 per share during the next 12 months. The current median share price forecast by them is $14, suggesting that the stock could increase 23.78% in that time frame. The average price target of $14.05 calls for a nearly 24.23% increase in the stock price.
When looking at valuations, F.N.B. Corporation (FNB) has a cheap P/E of 10.74x as compared to industry average of 18.6x. Moreover, it trades for 9.64 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.83x price/book and 3.22x price/sales. Compared to others, F.N.B. Corporation is in a different league with regards to profitability, having net margins of 25.4%. To put some perspective around this, the industry’s average net margin is 33.03%. FNB’s ROE is 6.6%, which is also considerably worse than the industry’s ROE of 16.94%.
Shares of F.N.B. Corporation (FNB) have gained 2.7% since the company’s last earnings report. Over the past 12 fiscal quarters, F.N.B. Corporation (NYSE:FNB) has topped consensus earnings estimates in 1 quarters (8%), missed earnings in 2 quarters (16%), whereas at 9 occasion EPS met analyst expectations. Revenue for the recent quarter stood at $309.62 million, up 6% on last year and below the $312.97 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $301.67 million to $311.2 million, which should be compared with $318.28 million generated last year. EPS is seen in a range of $0.27 to $0.3, against the $0.28 reported a year ago.