F.N.B. Co. (NYSE:FNB) Short Interest Down 5.9% in April

F.N.B. Co. (NYSE:FNB - Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 9,910,000 shares, a drop of 5.9% from the March 31st total of 10,530,000 shares. Based on an average trading volume of 2,180,000 shares, the short-interest ratio is currently 4.5 days.

Wall Street Analyst Weigh In

FNB has been the subject of several research reports. Stephens reduced their target price on F.N.B. from $16.00 to $15.00 and set an "overweight" rating for the company in a research note on Friday, April 19th. Raymond James raised their target price on F.N.B. from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Monday, January 22nd. StockNews.com downgraded F.N.B. from a "hold" rating to a "sell" rating in a research note on Friday, February 16th. Wells Fargo & Company raised their target price on F.N.B. from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Wednesday, April 10th. Finally, Bank of America assumed coverage on F.N.B. in a research note on Thursday, January 11th. They issued a "buy" rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, F.N.B. currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.

Insider Transactions at F.N.B.

In other F.N.B. news, Director William B. Campbell acquired 2,500 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was purchased at an average cost of $13.48 per share, with a total value of $33,700.00. Following the transaction, the director now owns 149,458 shares in the company, valued at approximately $2,014,693.84. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders acquired 6,500 shares of company stock valued at $87,505. Corporate insiders own 1.22% of the company's stock.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds have recently modified their holdings of FNB. First Command Advisory Services Inc. bought a new stake in F.N.B. during the 3rd quarter valued at $27,000. Clearstead Advisors LLC purchased a new position in F.N.B. in the third quarter worth $36,000. Vestor Capital LLC purchased a new position in F.N.B. in the fourth quarter worth $42,000. Hexagon Capital Partners LLC grew its position in F.N.B. by 272.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank's stock worth $53,000 after acquiring an additional 2,841 shares in the last quarter. Finally, Blue Trust Inc. grew its position in F.N.B. by 56.2% in the fourth quarter. Blue Trust Inc. now owns 7,099 shares of the bank's stock worth $98,000 after acquiring an additional 2,553 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

F.N.B. Stock Performance

Shares of F.N.B. stock traded down $0.21 during mid-day trading on Tuesday, hitting $13.35. 2,884,762 shares of the stock were exchanged, compared to its average volume of 2,182,274. F.N.B. has a 12 month low of $10.09 and a 12 month high of $14.19. The company has a 50-day simple moving average of $13.49 and a 200 day simple moving average of $12.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market capitalization of $4.80 billion, a P/E ratio of 10.76, a P/E/G ratio of 9.68 and a beta of 1.02.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $406.87 million for the quarter, compared to analysts' expectations of $406.96 million. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. During the same quarter in the previous year, the firm posted $0.40 EPS. Sell-side analysts anticipate that F.N.B. will post 1.42 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Wednesday, March 6th were issued a $0.12 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.60%. F.N.B.'s dividend payout ratio (DPR) is presently 38.71%.

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.