F.N.B. (NYSE:FNB) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• F.N.B. Corporation's stock recently surpassed its 200-day moving average, trading as high as $16.41 before closing at $16.15.
• Analysts have raised their price targets for F.N.B. shares, with Wells Fargo increasing their objective to $20.00 and maintaining an "overweight" rating.
• The bank reported an earnings per share (EPS) of $0.36 in their latest quarter, exceeding analysts' expectations of $0.33, alongside a revenue of $438.21 million.

F.N.B. Corporation (NYSE:FNB - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.71 and traded as high as $16.41. F.N.B. shares last traded at $16.15, with a volume of 9,043,544 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FNB shares. Wells Fargo & Company increased their price objective on F.N.B. from $18.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $18.50 price objective (up from $16.50) on shares of F.N.B. in a report on Monday, July 21st. Truist Financial increased their price objective on F.N.B. from $17.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of F.N.B. in a research report on Wednesday. Finally, Wall Street Zen raised shares of F.N.B. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, F.N.B. currently has a consensus rating of "Buy" and an average price target of $18.64.

F.N.B. Stock Down 1.1%

The company has a market cap of $5.80 billion, a P/E ratio of 12.62, a PEG ratio of 0.92 and a beta of 0.94. The stock's 50-day moving average price is $16.05 and its 200-day moving average price is $14.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41.

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

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a $0.12 dividend. The ex-dividend date of this dividend 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 presently 37.50%.

Hedge Funds Weigh In On F.N.B.

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in F.N.B. by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 39,531,150 shares of the bank's stock valued at $531,694,000 after acquiring an additional 114,672 shares in the last quarter. AQR Capital Management LLC lifted its position in F.N.B. by 36.4% in the 1st quarter. AQR Capital Management LLC now owns 1,896,488 shares of the bank's stock valued at $25,204,000 after acquiring an additional 505,780 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank's stock valued at $20,353,000 after acquiring an additional 660,387 shares in the last quarter. Rhino Investment Partners Inc bought a new position in F.N.B. in the 1st quarter valued at about $19,990,000. Finally, Wellington Management Group LLP lifted its position in F.N.B. by 10.0% in the 1st quarter. Wellington Management Group LLP now owns 1,169,933 shares of the bank's stock valued at $15,736,000 after acquiring an additional 106,571 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

About F.N.B.

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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