F.N.B. Corporation (NYSE:FNB) Short Interest Down 42.1% in July

Key Points

• F.N.B. Corporation experienced a significant 42.1% decrease in short interest during July, bringing the total to 7,870,000 shares short sold.
• Analyst ratings are positive, with multiple upgrades, leading to a consensus rating of "Moderate Buy" and an average price target of $18.64.
• The company declared a quarterly dividend of $0.12 per share, resulting in an annualized dividend yield of 3.1%.

F.N.B. Corporation (NYSE:FNB - Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 7,870,000 shares, adecreaseof42.1% from the July 15th total of 13,600,000 shares. Currently,2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,990,000 shares, the short-interest ratio is presently 2.0 days. Based on an average daily trading volume, of 3,990,000 shares, the short-interest ratio is presently 2.0 days. Currently,2.2% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of brokerages have recently commented on FNB. Truist Financial increased their target price on shares of F.N.B. from $17.50 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. DA Davidson raised their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods restated an "outperform" rating and set a $18.50 price objective (up from $16.50) on shares of F.N.B. in a research report on Monday, July 21st. Finally, Wells Fargo & Company raised their price objective on shares of F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, F.N.B. has a consensus rating of "Moderate Buy" and an average price target of $18.64.

F.N.B. Price Performance

Shares of FNB opened at $15.72 on Monday. F.N.B. has a 1-year low of $10.88 and a 1-year high of $17.70. The stock has a market cap of $5.65 billion, a PE ratio of 12.28, a P/E/G ratio of 0.90 and a beta of 0.94. The firm has a 50-day simple moving average of $15.07 and a two-hundred day simple moving average of $14.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.93 and a quick ratio of 0.93.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. The business had revenue of $438.21 million during the quarter, compared to analysts' expectations of $424.39 million. During the same period last year, the business earned $0.34 earnings per share. As a group, analysts forecast that F.N.B. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.1%. F.N.B.'s dividend payout ratio (DPR) is currently 37.50%.

Institutional Investors Weigh In On F.N.B.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of F.N.B. by 0.3% in the first quarter. Vanguard Group Inc. now owns 39,531,150 shares of the bank's stock valued at $531,694,000 after purchasing an additional 114,672 shares during the period. First Trust Advisors LP lifted its stake in F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock worth $77,349,000 after acquiring an additional 2,273,736 shares during the last quarter. Northern Trust Corp lifted its stake in F.N.B. by 26.4% in the fourth quarter. Northern Trust Corp now owns 3,133,235 shares of the bank's stock worth $46,309,000 after acquiring an additional 655,383 shares during the last quarter. AQR Capital Management LLC lifted its stake in F.N.B. by 36.4% in the first quarter. AQR Capital Management LLC now owns 1,896,488 shares of the bank's stock worth $25,204,000 after acquiring an additional 505,780 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in F.N.B. by 77.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank's stock worth $20,353,000 after acquiring an additional 660,387 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.

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