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Howard Bancorp downgraded to Equal Weight from Overweight at Stephens » 06:25
07/26/21
07/26
06:25
07/26/21
06:25
HBMD

Howard Bancorp

/

+

, FNB

F.N.B.

$11.41 /

+0.105 (+0.93%)

Stephens analyst Brody…

Stephens analyst Brody Preston downgraded Howard Bancorp (HBMD) to Equal Weight from Overweight with a price target of $22.50, up from $19.50, given the announcement of Howard's pending sale to F.N.B. (FNB).

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HBMD Howard Bancorp
/

+

FNB F.N.B.
$11.41 /

+0.105 (+0.93%)

HBMD Howard Bancorp
/

+

07/19/21 Jefferies
F.N.B. downgraded to Hold from Buy at Jefferies
07/15/21 Keefe Bruyette
Howard Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
04/27/21 Stephens
Howard Bancorp upgraded to Overweight following Q1 report at Stephens
04/27/21 Stephens
Howard Bancorp upgraded to Overweight from Equal Weight at Stephens
FNB F.N.B.
$11.41 /

+0.105 (+0.93%)

07/19/21
Fly Intel: Top five analyst downgrades
05/21/21 Seaport Global
Seaport Global starts 'growth story' F.N.B. at Buy
HBMD Howard Bancorp
/

+

FNB F.N.B.
$11.41 /

+0.105 (+0.93%)

Hot Stocks
F.N.B. reports Q2 net interest margin 2.70%, down 5 bps sequentially  16:32
07/19/21
07/19
16:32
07/19/21
16:32
FNB

F.N.B.

$10.91 /

-0.5 (-4.38%)

 
ShowHide Related Items >><<
FNB F.N.B.
$10.91 /

-0.5 (-4.38%)

FNB F.N.B.
$10.91 /

-0.5 (-4.38%)

07/19/21
Fly Intel: Top five analyst downgrades
07/19/21 Jefferies
F.N.B. downgraded to Hold from Buy at Jefferies
07/15/21 Keefe Bruyette
Howard Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
05/21/21 Seaport Global
Seaport Global starts 'growth story' F.N.B. at Buy
FNB F.N.B.
$10.91 /

-0.5 (-4.38%)

Earnings
F.N.B. reports Q2 EPS 31c, consensus 29c » 16:31
07/19/21
07/19
16:31
07/19/21
16:31
FNB

F.N.B.

$10.91 /

-0.5 (-4.38%)

Reports Q2 revenue $308M,…

Reports Q2 revenue $308M, consensus $305.74M.

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FNB F.N.B.
$10.91 /

-0.5 (-4.38%)

FNB F.N.B.
$10.91 /

-0.5 (-4.38%)

07/19/21
Fly Intel: Top five analyst downgrades
07/19/21 Jefferies
F.N.B. downgraded to Hold from Buy at Jefferies
07/15/21 Keefe Bruyette
Howard Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
05/21/21 Seaport Global
Seaport Global starts 'growth story' F.N.B. at Buy
FNB F.N.B.
$10.91 /

-0.5 (-4.38%)

Downgrade
Fly Intel: Top five analyst downgrades » 09:58
07/19/21
07/19
09:58
07/19/21
09:58
APR

Apria

$26.92 /

-0.68 (-2.46%)

, ERIC

Ericsson

$11.82 /

+0.005 (+0.04%)

, NEPT

Neptune Wellness

/

+

, KMPR

Kemper

$68.30 /

-1.84 (-2.62%)

, FNB

F.N.B.

$10.92 /

-0.49 (-4.29%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apria (APR) downgraded to Neutral from Buy at Goldman Sachs with analyst Jamie Perse seeing "lingering uncertainty around market dynamics" related to the Philips recall and potential downside risk to sales and EBITDA estimates in the near term. 2. Ericsson (ERIC) downgraded to Hold from Buy at Argus with analyst Jim Kelleher citing the company's expectations that it will not win new contracts in China due to the push-back from Chinese decision-makers after rival Huawei was excluded from numerous European network build-outs. 3. Neptune Wellness (NEPT) downgraded to Hold from Buy at Desjardins with analyst John Chu saying a "bad 4Q miss" along with a failed attempt at trying to capitalize on the need for PPE during the pandemic requires a reset in expectations for Neptune's sales outlook. 4. Kemper (KMPR) downgraded to Market Perform from Strong Buy at Raymond James with analyst C. Gregory Peters saying that the overhang from accident frequency normalization and inflation should limit the upside in the near-term. 5. F.N.B. (FNB) downgraded to Hold from Buy at Jefferies with analyst Casey Haire saying though the Howard Bancorp (HBMD) "merger math checks out," Haire thinks the price is "aggressive" for "a sub-scale bank with weak profitability in a slow growth Baltimore market." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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NEPT Neptune Wellness
/

+

KMPR Kemper
$68.30 /

-1.84 (-2.62%)

FNB F.N.B.
$10.92 /

-0.49 (-4.29%)

ERIC Ericsson
$11.82 /

+0.005 (+0.04%)

APR Apria
$26.92 /

-0.68 (-2.46%)

APR Apria
$26.92 /

-0.68 (-2.46%)

07/19/21 Goldman Sachs
Apria downgraded to Neutral from Buy at Goldman Sachs
06/30/21 Citi
Apria reinstated with a Buy at Citi
05/17/21 Citi
Apria resumed with a Buy at Citi
04/15/21 Piper Sandler
Apria price target raised to $33 from $29 at Piper Sandler
ERIC Ericsson
$11.82 /

+0.005 (+0.04%)

07/19/21 Argus
Ericsson downgraded to Hold at Argus given challenges in China
07/19/21 Argus
Ericsson downgraded to Hold from Buy at Argus
07/13/21 Cowen
Ericsson price target raised to $21 from $19 at Cowen
07/12/21 Citi
Ericsson price target lowered to SEK 135 from SEK 140 at Citi
NEPT Neptune Wellness
/

+

07/19/21 Desjardins
Neptune Wellness downgraded to Hold from Buy at Desjardins
08/27/20 Alliance Global Partners
Neptune Wellness deal shows ability to succeed in traditonal category, says AGP
08/07/20
Fly Intel: Top analyst initiations
08/07/20 Alliance Global Partners
Neptune Wellness initiated with a Buy at Alliance Global Partners
KMPR Kemper
$68.30 /

-1.84 (-2.62%)

07/19/21 Raymond James
Kemper downgraded to Market Perform from Strong Buy at Raymond James
03/11/21 Raymond James
Kemper price target raised to $95 from $85 at Raymond James
10/19/20 Raymond James
Kemper price target lowered to $85 from $95 at Raymond James
FNB F.N.B.
$10.92 /

-0.49 (-4.29%)

07/19/21 Jefferies
F.N.B. downgraded to Hold from Buy at Jefferies
07/15/21 Keefe Bruyette
Howard Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
05/21/21 Seaport Global
Seaport Global starts 'growth story' F.N.B. at Buy
05/21/21 Seaport Global
F.N.B. initiated with a Buy at Seaport Global
NEPT Neptune Wellness
/

+

KMPR Kemper
$68.30 /

-1.84 (-2.62%)

FNB F.N.B.
$10.92 /

-0.49 (-4.29%)

ERIC Ericsson
$11.82 /

+0.005 (+0.04%)

APR Apria
$26.92 /

-0.68 (-2.46%)

  • 10
    Jun
  • 11
    Feb
ERIC Ericsson
$11.82 /

+0.005 (+0.04%)

APR Apria
$26.92 /

-0.68 (-2.46%)

ERIC Ericsson
$11.82 /

+0.005 (+0.04%)

APR Apria
$26.92 /

-0.68 (-2.46%)

NEPT Neptune Wellness
/

+

ERIC Ericsson
$11.82 /

+0.005 (+0.04%)

Downgrade
F.N.B. downgraded to Hold from Buy at Jefferies » 08:05
07/19/21
07/19
08:05
07/19/21
08:05
FNB

F.N.B.

$11.41 /

-0.39 (-3.31%)

, HBMD

Howard Bancorp

$19.48 /

-0.52 (-2.60%)

Jefferies analyst Casey…

Jefferies analyst Casey Haire downgraded F.N.B. (FNB) to Hold from Buy with a price target of $12, down from $14, after the bank announced an agreement to acquire Howard Bancorp (HBMD), including its wholly-owned banking subsidiary, in an all-stock transaction. Though the "merger math checks out," Haire thinks the price is "aggressive" for "a sub-scale bank with weak profitability in a slow growth Baltimore market," the analyst tells investors. Haire believes multiple expansion will be difficult for F.N.B. shares with the bank "back in the M&A game," the analyst added.

ShowHide Related Items >><<
HBMD Howard Bancorp
$19.48 /

-0.52 (-2.60%)

FNB F.N.B.
$11.41 /

-0.39 (-3.31%)

FNB F.N.B.
$11.41 /

-0.39 (-3.31%)

07/15/21 Keefe Bruyette
Howard Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
05/21/21 Seaport Global
Seaport Global starts 'growth story' F.N.B. at Buy
05/21/21 Seaport Global
F.N.B. initiated with a Buy at Seaport Global
11/25/20 Stephens
Stephens downgrades F.N.B. to Equal Weight on relative outlook
HBMD Howard Bancorp
$19.48 /

-0.52 (-2.60%)

04/27/21 Stephens
Howard Bancorp upgraded to Overweight following Q1 report at Stephens
04/27/21 Stephens
Howard Bancorp upgraded to Overweight from Equal Weight at Stephens
03/11/21 Piper Sandler
Howard Bancorp initiated with an Overweight at Piper Sandler
HBMD Howard Bancorp
$19.48 /

-0.52 (-2.60%)

FNB F.N.B.
$11.41 /

-0.39 (-3.31%)

Upgrade
Howard Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette » 04:53
07/15/21
07/15
04:53
07/15/21
04:53
HBMD

Howard Bancorp

$19.91 /

+0.05 (+0.25%)

, FNB

F.N.B.

$11.74 /

+ (+0.00%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Catherine Mealor upgraded Howard Bancorp (HBMD) to Outperform from Market Perform with a price target of $28, up from $17. The analyst is aligning the rating with F.N.B. (FNB) following the buyout announcement. She views the takeout price's 41% premium as attractive to Howard shareholders and F.N.B. "as an attractive currency to swap into."

ShowHide Related Items >><<
HBMD Howard Bancorp
$19.91 /

+0.05 (+0.25%)

HBMD Howard Bancorp
$19.91 /

+0.05 (+0.25%)

04/27/21 Stephens
Howard Bancorp upgraded to Overweight following Q1 report at Stephens
04/27/21 Stephens
Howard Bancorp upgraded to Overweight from Equal Weight at Stephens
03/11/21 Piper Sandler
Howard Bancorp initiated with an Overweight at Piper Sandler
FNB F.N.B.
$11.74 /

+ (+0.00%)

05/21/21 Seaport Global
Seaport Global starts 'growth story' F.N.B. at Buy
05/21/21 Seaport Global
F.N.B. initiated with a Buy at Seaport Global
11/25/20 Stephens
Stephens downgrades F.N.B. to Equal Weight on relative outlook
11/25/20 Stephens
F.N.B. downgraded to Equal Weight from Overweight at Stephens
HBMD Howard Bancorp
$19.91 /

+0.05 (+0.25%)

FNB F.N.B.
$11.74 /

+ (+0.00%)

Hot Stocks
F.N.B. to acquire Howard Bancorp in all-stock transaction for $21.96 per share » 09:05
07/13/21
07/13
09:05
07/13/21
09:05
FNB

F.N.B.

$12.20 /

+0.07 (+0.58%)

, HBMD

Howard Bancorp

$15.77 /

+0.11 (+0.70%)

F.N.B. (FNB) and Howard…

F.N.B. (FNB) and Howard Bancorp (HBMD) announced the signing of a definitive merger agreement for FNB to acquire Howard, including its wholly-owned banking subsidiary, Howard Bank, in an all-stock transaction valued at $21.96 per share, or a fully diluted market value of approximately $418M, based upon the closing stock price of FNB as of Monday, July 12. Howard, based in Baltimore, Maryland, had approximately $2.6B in total assets, $2B in total deposits and $1.9B in total loans and leases at March 31 and operates 13 full-service banking offices in Baltimore and the greater Washington, D.C., area. Following the proposed merger with Howard, on a pro-forma basis, FNB will have approximately $41B in total assets, $32B in deposits and $27B in total loans. Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, stockholders of Howard will be entitled to receive 1.8 shares of FNB common stock for each share of Howard common stock they own. The exchange ratio is fixed, and the transaction is expected to qualify as a tax-free exchange for Howard's stockholders. Simultaneously with the parent company merger, Howard Bank will merge with and into FNB's subsidiary, First National Bank of Pennsylvania. FNB expects the merger to be 4% accretive to earnings per share with fully phased-in cost savings on a GAAP basis and expects the merger to enhance FNB's profitability metrics. Additionally, FNB anticipates the tangible book value per common share impact to be minimal and expects the CET1 ratio to remain unchanged on a pro forma basis at closing. FNB and Howard expect to complete the transaction and integration in early 2022 after satisfaction of customary closing conditions, including regulatory approvals and the approval of Howard's stockholders.

ShowHide Related Items >><<
HBMD Howard Bancorp
$15.77 /

+0.11 (+0.70%)

FNB F.N.B.
$12.20 /

+0.07 (+0.58%)

FNB F.N.B.
$12.20 /

+0.07 (+0.58%)

05/21/21 Seaport Global
Seaport Global starts 'growth story' F.N.B. at Buy
05/21/21 Seaport Global
F.N.B. initiated with a Buy at Seaport Global
11/25/20 Stephens
Stephens downgrades F.N.B. to Equal Weight on relative outlook
11/25/20 Stephens
F.N.B. downgraded to Equal Weight from Overweight at Stephens
HBMD Howard Bancorp
$15.77 /

+0.11 (+0.70%)

04/27/21 Stephens
Howard Bancorp upgraded to Overweight following Q1 report at Stephens
04/27/21 Stephens
Howard Bancorp upgraded to Overweight from Equal Weight at Stephens
03/11/21 Piper Sandler
Howard Bancorp initiated with an Overweight at Piper Sandler
HBMD Howard Bancorp
$15.77 /

+0.11 (+0.70%)

FNB F.N.B.
$12.20 /

+0.07 (+0.58%)

Hot Stocks
F.N.B. to acquire Howard Bancorp in all-stock transaction valued at $21.96/share » 09:05
07/13/21
07/13
09:05
07/13/21
09:05
FNB

F.N.B.

$12.20 /

+0.07 (+0.58%)

, HBMD

Howard Bancorp

$15.77 /

+0.11 (+0.70%)

F.N.B. (FNB) and Howard…

F.N.B. (FNB) and Howard Bancorp (HBMD) announced the signing of a definitive merger agreement for FNB to acquire Howard, including its wholly-owned banking subsidiary, Howard Bank, in an all-stock transaction valued at $21.96 per share, or a fully diluted market value of approximately $418M, based upon the closing stock price of FNB as of Monday, July 12. Following the proposed merger with Howard, on a pro-forma basis, FNB will have approximately $41B in total assets, $32B in deposits and $27B in total loans. Under the terms of the merger agreement, which has been unanimously approved by the Boards of Directors of both companies, stockholders of Howard will be entitled to receive 1.8 shares of FNB common stock for each share of Howard common stock they own. The exchange ratio is fixed, and the transaction is expected to qualify as a tax-free exchange for Howard's stockholders. Simultaneously with the parent company merger, Howard Bank will merge with and into FNB's subsidiary, First National Bank of Pennsylvania. FNB expects the merger to be 4% accretive to earnings per share with fully phased-in cost savings on a GAAP basis and expects the merger to enhance FNB's profitability metrics. Additionally, FNB anticipates the tangible book value per common share impact to be minimal and expects the CET1 ratio to remain unchanged on a pro forma basis at closing. FNB and Howard expect to complete the transaction and integration in early 2022 after satisfaction of customary closing conditions, including regulatory approvals and the approval of Howard's stockholders.

ShowHide Related Items >><<
HBMD Howard Bancorp
$15.77 /

+0.11 (+0.70%)

FNB F.N.B.
$12.20 /

+0.07 (+0.58%)

FNB F.N.B.
$12.20 /

+0.07 (+0.58%)

05/21/21 Seaport Global
Seaport Global starts 'growth story' F.N.B. at Buy
05/21/21 Seaport Global
F.N.B. initiated with a Buy at Seaport Global
11/25/20 Stephens
Stephens downgrades F.N.B. to Equal Weight on relative outlook
11/25/20 Stephens
F.N.B. downgraded to Equal Weight from Overweight at Stephens
HBMD Howard Bancorp
$15.77 /

+0.11 (+0.70%)

04/27/21 Stephens
Howard Bancorp upgraded to Overweight following Q1 report at Stephens
04/27/21 Stephens
Howard Bancorp upgraded to Overweight from Equal Weight at Stephens
03/11/21 Piper Sandler
Howard Bancorp initiated with an Overweight at Piper Sandler
HBMD Howard Bancorp
$15.77 /

+0.11 (+0.70%)

FNB F.N.B.
$12.20 /

+0.07 (+0.58%)

Hot Stocks
F.N.B. to acquire Howard Bancorp in all-stock transaction valued at $21.96/share  09:02
07/13/21
07/13
09:02
07/13/21
09:02
FNB

F.N.B.

$12.20 /

+0.07 (+0.58%)

, HBMD

Howard Bancorp

$15.77 /

+0.11 (+0.70%)

 
ShowHide Related Items >><<
HBMD Howard Bancorp
$15.77 /

+0.11 (+0.70%)

FNB F.N.B.
$12.20 /

+0.07 (+0.58%)

05/21/21 Seaport Global
Seaport Global starts 'growth story' F.N.B. at Buy
05/21/21 Seaport Global
F.N.B. initiated with a Buy at Seaport Global
11/25/20 Stephens
Stephens downgrades F.N.B. to Equal Weight on relative outlook
11/25/20 Stephens
F.N.B. downgraded to Equal Weight from Overweight at Stephens
HBMD Howard Bancorp
$15.77 /

+0.11 (+0.70%)

04/27/21 Stephens
Howard Bancorp upgraded to Overweight following Q1 report at Stephens
04/27/21 Stephens
Howard Bancorp upgraded to Overweight from Equal Weight at Stephens
03/11/21 Piper Sandler
Howard Bancorp initiated with an Overweight at Piper Sandler
HBMD Howard Bancorp
$15.77 /

+0.11 (+0.70%)

FNB F.N.B.
$12.20 /

+0.07 (+0.58%)

Over a month ago
Initiation
Seaport Global starts 'growth story' F.N.B. at Buy » 08:02
05/21/21
05/21
08:02
05/21/21
08:02
FNB

F.N.B.

$13.22 /

-0.13 (-0.97%)

As previously reported,…

As previously reported, Seaport Global analyst David Bishop initiated coverage of F.N.B. with a Buy rating and $15 price target. An increased presence across several Mid-Atlantic and Southeast markets, which have "attractive growth profiles," make F.N.B. a "growth story," Bishop tells investors. He sees the re-opening of the broader economy boding well for back half of 2021 and 2022 loan growth, while adding that the Fed may be compelled to move up interest rates sooner than expected due to inflationary pressures.

ShowHide Related Items >><<
FNB F.N.B.
$13.22 /

-0.13 (-0.97%)

FNB F.N.B.
$13.22 /

-0.13 (-0.97%)

05/21/21 Seaport Global
F.N.B. initiated with a Buy at Seaport Global
11/25/20 Stephens
Stephens downgrades F.N.B. to Equal Weight on relative outlook
11/25/20 Stephens
F.N.B. downgraded to Equal Weight from Overweight at Stephens
FNB F.N.B.
$13.22 /

-0.13 (-0.97%)

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