F.N.B. (NYSE:FNB) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• F.N.B. crossed above its 200-day moving average, trading as high as $17.93 and last at $17.7550 on volume of about 2.9 million shares, with the 200-day MA at $16.96.
• Several brokers raised price targets (Truist to $20, Keefe, Bruyette & Woods and Piper Sandler to $21), and the stock carries a consensus "Buy" rating with an average target of $20.20.
• F.N.B. lifted its quarterly dividend to $0.13 (annualized $0.52, ~2.9% yield; ex-dividend June 1) and reported Q1 EPS of $0.38 that met estimates while revenue slightly missed expectations.

F.N.B. Corporation (NYSE:FNB - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.96 and traded as high as $17.93. F.N.B. shares last traded at $17.7550, with a volume of 2,903,197 shares.

Analyst Upgrades and Downgrades

FNB has been the topic of a number of research reports. Truist Financial raised their price target on F.N.B. from $19.50 to $20.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Keefe, Bruyette & Woods raised their price target on F.N.B. from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, April 20th. Finally, Piper Sandler reissued an "overweight" rating and set a $21.00 price target (up from $20.00) on shares of F.N.B. in a report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $20.20.

F.N.B. Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average of $17.06 and a 200-day moving average of $16.96. The stock has a market cap of $6.31 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 0.87 and a beta of 0.87.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $0.38 earnings per share for the quarter, meeting analysts' consensus estimates of $0.38. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.The company had revenue of $450.26 million for the quarter, compared to analyst estimates of $454.06 million. During the same quarter in the previous year, the company earned $0.32 EPS. On average, equities analysts forecast that F.N.B. Corporation will post 1.72 EPS for the current year.

F.N.B. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.52 dividend on an annualized basis and a yield of 2.9%. This is a boost from F.N.B.'s previous quarterly dividend of $0.12. F.N.B.'s dividend payout ratio is presently 29.63%.

Institutional Investors Weigh In On F.N.B.

Institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC purchased a new stake in F.N.B. in the 4th quarter valued at approximately $34,000. Root Financial Partners LLC boosted its holdings in F.N.B. by 66.8% in the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank's stock valued at $34,000 after purchasing an additional 820 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in F.N.B. by 3,723.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank's stock valued at $36,000 after purchasing an additional 2,420 shares in the last quarter. Triumph Capital Management purchased a new stake in F.N.B. in the 3rd quarter valued at approximately $55,000. Finally, Parallel Advisors LLC boosted its holdings in F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank's stock valued at $73,000 after purchasing an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.

F.N.B. Company Profile

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company's main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.

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