Shares of F.N.B. Corporation (NYSE:FNB - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.95 and traded as high as $18.70. F.N.B. shares last traded at $18.4850, with a volume of 3,029,226 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Wall Street Zen raised F.N.B. from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Wells Fargo & Company lifted their price objective on F.N.B. from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. Bank of America reissued a "neutral" rating and issued a $19.00 target price (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Weiss Ratings reissued a "buy (b)" rating on shares of F.N.B. in a research note on Tuesday, June 9th. Finally, Truist Financial reduced their price target on F.N.B. from $21.00 to $20.50 and set a "buy" rating for the company in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $20.90.
Get Our Latest Research Report on F.N.B.
F.N.B. Trading Down 0.2%
The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91. The stock's 50-day moving average is $18.94 and its two-hundred day moving average is $17.95. The company has a market cap of $6.53 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.18 and a beta of 0.85.
F.N.B. (NYSE:FNB - Get Free Report) last posted its earnings results on Friday, July 17th. The bank reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. The business had revenue of $463.00 million during the quarter, compared to the consensus estimate of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same quarter in the previous year, the firm posted $0.36 EPS. As a group, equities research analysts predict that F.N.B. Corporation will post 1.69 earnings per share for the current fiscal year.
F.N.B. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 1st. F.N.B.'s dividend payout ratio (DPR) is 30.95%.
Insider Buying and Selling at F.N.B.
In related news, insider Gary L. Guerrieri sold 19,000 shares of the company's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $18.53, for a total transaction of $352,070.00. Following the completion of the sale, the insider owned 298,097 shares in the company, valued at approximately $5,523,737.41. This represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bryant Mitchell David sold 4,055 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $19.25, for a total value of $78,058.75. Following the completion of the transaction, the insider directly owned 144,283 shares in the company, valued at approximately $2,777,447.75. This represents a 2.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.50% of the company's stock.
Hedge Funds Weigh In On F.N.B.
Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in shares of F.N.B. by 11.6% in the 1st quarter. Royal Bank of Canada now owns 274,466 shares of the bank's stock worth $3,692,000 after purchasing an additional 28,570 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in F.N.B. by 23.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank's stock valued at $2,058,000 after buying an additional 29,248 shares during the period. Goldman Sachs Group Inc. increased its holdings in F.N.B. by 77.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank's stock valued at $20,353,000 after buying an additional 660,387 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in F.N.B. by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank's stock valued at $14,112,000 after buying an additional 58,672 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in F.N.B. by 3,723.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank's stock valued at $36,000 after buying an additional 2,420 shares during the last quarter. Institutional investors own 79.25% of the company's stock.
About F.N.B.
(
Get Free Report)
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.
Further Reading
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