DA Davidson raises F.N.B. Corporation stock price target to $19 on strong results

Investing.com - DA Davidson raised its price target on F.N.B. Corporation (NYSE:FNB) to $19.00 from $17.00 on Monday, while maintaining a Buy rating on the $5.79 billion regional bank’s stock. The move aligns with the broader analyst consensus, which remains strongly bullish on FNB, according to InvestingPro data.

The price target increase follows F.N.B.’s second-quarter 2025 results, which showed strong pre-provision net revenue (PPNR) driven by an expanding net interest margin, solid balance sheet growth, and strong fees. The bank’s consistent performance is reflected in its impressive 51-year streak of maintaining dividend payments, currently yielding 2.99%.

F.N.B. shares rose 1% following the earnings release as the company’s PPNR and earnings per share beat expectations, and management updated its 2025 outlook to reflect higher net interest income and tighter ranges for fees, operating expenses, and loan loss provisions.

DA Davidson raised its 2025 estimates for F.N.B. and noted potential upside on net interest margin and net interest income, given the bank’s neutral balance sheet positioning and expectations that commercial loan growth will re-accelerate.

The firm highlighted that F.N.B. is trading at 1.4 times tangible book value and 9.2 times 2026 estimated earnings, which it considers too cheap for a bank with above-peer returns, including a projected 1.7% PPNR return on assets and 15% return on tangible common equity for 2026.

In other recent news, F.N.B. Corporation reported a strong quarter, with its earnings exceeding analyst expectations. Keefe, Bruyette & Woods raised F.N.B.’s price target to $18.50, highlighting a significant improvement in net interest margin and a record quarter for fee income. The firm noted a 16 basis point increase in net interest margin quarter-over-quarter, which contributed to a 17% rise in pre-provision net revenue. Raymond (NSE:RYMD) James also raised its price target for F.N.B. to $18.00, citing strong core trends and improved capital levels. The bank’s enhanced asset quality and lower funding costs supported this positive outlook. DA Davidson reiterated a Buy rating with a $17.00 price target, emphasizing robust net interest income growth and solid loan and deposit growth. These developments reflect F.N.B.’s strategic focus on organic growth and its ongoing investments in technology and innovation, which continue to drive its strong financial performance.

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