F.N.B. Corporation Downgraded to 'Sell' by StockNews.com

F.N.B. Corporation, trading under ticker symbol NYSE:FNB, has seen a change in its stock rating as investment analysts at StockNews.com downgraded the bank's shares from 'hold' to 'sell'. The update to investors was disseminated on Friday, marking a change in investor sentiment towards the financial institution.

Analysts' Perspectives on F.N.B.

While StockNews.com has lowered its outlook on F.N.B., the bank has received varied attention from other research analysts. Bank of America introduced coverage on F.N.B. with a 'buy' recommendation and set a price target of $15.00. In another upbeat assessment, Raymond James raised their price objective on F.N.B. from $14.00 to $16.00 and maintained an 'outperform' rating on the stock. However, with the recent downgrade, F.N.B. now garners a 'sell' rating from one analyst, a 'hold' from another, and 'buy' statuses from three additional analysts, culminating in a consensus rating of 'Hold' and an average price target of $14.67 as per MarketBeat.com data.

Recent Performance of F.N.B.

F.N.B.'s stock commenced trading at $13.51 on the day of the rating change. Boasting a market cap of $4.85 billion, the banking entity trades at a price-to-earnings ratio of 10.23 and displays a beta coefficient of 1.02, suggesting moderate market volatility. The company has experienced highs and lows over the last 52 weeks, with a peak share price of $14.62 and a bottoming out at $10.09. The 50-day and 200-day moving averages stand at $13.43 and $12.14, respectively, showcasing recent stock movement trends. Additionally, F.N.B. revealed $0.38 earnings per share for the most recent fiscal quarter, surpassing consensus estimates of $0.35 and indicating a firm financial standing despite an 18.9% year-over-year dip in revenue. Analysts project an earnings per share of $1.45 for the current year.

Shareholders and F.N.B.’s Profile

The company's shareholder base consists significantly of institutional investors and hedge funds, with a combined ownership stake of 76.94%. F.N.B. Corporation functions as a bank and financial holding company, offering a wide array of services such as banking, wealth management, and insurance to its diversified client base across the United States, engaging primarily with consumers, businesses, and governmental clients.

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