After Sandler O’Neill and Wells Fargo gave FNB Corp (NYSE: FNB) a Buy rating last month, the company received another Buy, this time from Boenning & Scattergood. Analyst Matthew Schultheis maintained a Buy rating on FNB Corp today. The company’s shares opened today at $11.66, close to its 52-week low of $11.21.
According to TipRanks.com, Schultheis is a 3-star analyst with an average return of 3.2% and a 50.7% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Citizens Financial Services Inc, and Fulton Financial Corp.
Currently, the analyst consensus on FNB Corp is a Strong Buy with an average price target of $14.92.
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Based on FNB Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $85.21 million. In comparison, last year the company had a net profit of $77.69 million.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FNB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
F.N.B. Corp. is a financial holding company, which engages in the provision of commercial banking, consumer banking, and wealth management solutions through its subsidiaries. It operates through the following segments: Community Banking, Wealth Management, Insurance, and Consumer Finance.
