F.N.B. (NYSE:FNB) Sees Strong Trading Volume - What's Next?

Key Points

• F.N.B. Corporation experienced a significant increase in trading volume, with approximately 12.16 million shares traded, marking a 158% rise from the previous session.
• Analysts show a consensus rating of "Buy" for F.N.B., with price targets ranging from $18.00 to $20.00 following several upward revisions by major firms.
• The company recently announced a quarterly dividend of $0.12 per share, yielding 3.0%, with an annualized dividend payout of $0.48.

Shares of F.N.B. Corporation (NYSE:FNB - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 12,156,229 shares were traded during trading, an increase of 158% from the previous session's volume of 4,716,721 shares.The stock last traded at $16.01 and had previously closed at $15.62.

Analyst Ratings Changes

Several analysts have weighed in on FNB shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of F.N.B. in a research note on Wednesday, October 8th. Wall Street Zen raised shares of F.N.B. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Truist Financial upped their price objective on shares of F.N.B. from $17.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. DA Davidson upped 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 note on Monday, July 21st. Finally, Wells Fargo & Company upped 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 note on Monday, July 21st. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, F.N.B. has a consensus rating of "Buy" and a consensus price target of $18.64.

F.N.B. Trading Up 3.7%

The business's fifty day moving average is $16.08 and its two-hundred day moving average is $14.76. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.01 and a beta of 0.94. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.41.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings data on Thursday, June 20th. The bank reported $0.40 earnings per share for the quarter. The business had revenue of $419.30 million for the quarter. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. Equities analysts anticipate that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.12 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.48 annualized dividend and a yield of 3.0%. F.N.B.'s dividend payout ratio (DPR) is 37.50%.

Institutional Investors Weigh In On F.N.B.

Several hedge funds have recently bought and sold shares of FNB. Parallel Advisors LLC raised its holdings in shares of F.N.B. by 22.8% during the second quarter. Parallel Advisors LLC now owns 3,802 shares of the bank's stock worth $55,000 after acquiring an additional 706 shares during the period. Verdence Capital Advisors LLC lifted its position in F.N.B. by 3.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 25,489 shares of the bank's stock valued at $343,000 after acquiring an additional 783 shares in the last quarter. GAMMA Investing LLC lifted its position in F.N.B. by 5.6% in the 3rd quarter. GAMMA Investing LLC now owns 15,096 shares of the bank's stock valued at $243,000 after acquiring an additional 807 shares in the last quarter. LPL Financial LLC lifted its position in F.N.B. by 0.4% in the 1st quarter. LPL Financial LLC now owns 224,171 shares of the bank's stock valued at $3,015,000 after acquiring an additional 886 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in F.N.B. by 0.3% in the 1st quarter. Federated Hermes Inc. now owns 315,585 shares of the bank's stock valued at $4,245,000 after acquiring an additional 892 shares in 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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