F.N.B. (NYSE:FNB) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• F.N.B. shares slipped below their 200-day moving average of $17.90, reaching $17.80 before last trading at $17.878.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $20.29; five analysts rate the stock Buy and two rate it Hold.
• The bank matched quarterly EPS estimates at $0.43 but reported revenue of $469 million, below the $476.2 million consensus. It declared a $0.13 quarterly dividend, equivalent to a 2.9% yield.

F.N.B. Corporation (NYSE:FNB - Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $17.90 and traded as low as $17.80. F.N.B. shares last traded at $17.8780, with a volume of 4,694,145 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FNB shares. Truist Financial reduced their price target on shares of F.N.B. from $20.50 to $19.00 and set a "buy" rating for the company in a report on Friday, October 9th. UBS Group initiated coverage on shares of F.N.B. in a report on Monday, September 14th. They issued a "neutral" rating and a $20.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of F.N.B. from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, September 29th. Weiss Ratings reiterated a "buy (b)" rating on shares of F.N.B. in a research report on Friday, September 4th. Finally, Raymond James Financial set a $20.00 target price on F.N.B. in a research note on Wednesday, October 21st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, F.N.B. has an average rating of "Moderate Buy" and an average target price of $20.29.

F.N.B. Price Performance

The company's 50 day moving average price is $17.82 and its 200-day moving average price is $17.90. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 0.81 and a beta of 0.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.91.

F.N.B. (NYSE:FNB - Get Free Report) last released its earnings results on Tuesday, October 20th. The bank reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. F.N.B. had a net margin of 22.46% and a return on equity of 9.12%. The business had revenue of $469.00 million for the quarter, compared to the consensus estimate of $476.20 million. During the same period in the previous year, the firm earned $0.41 EPS. On average, equities research analysts forecast that F.N.B. Corporation will post 1.69 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.13 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $0.52 annualized dividend and a yield of 2.9%. F.N.B.'s payout ratio is 30.59%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FNB. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of F.N.B. in the second quarter worth about $1,364,000. Hillsdale Investment Management Inc. purchased a new position in shares of F.N.B. in the first quarter worth approximately $3,381,000. Amundi raised its holdings in shares of F.N.B. by 980.6% during the second quarter. Amundi now owns 382,193 shares of the bank's stock valued at $7,292,000 after acquiring an additional 346,824 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of F.N.B. by 758.2% during the third quarter. Assenagon Asset Management S.A. now owns 922,134 shares of the bank's stock valued at $15,870,000 after acquiring an additional 814,690 shares during the period. Finally, Rhino Investment Partners Inc raised its holdings in shares of F.N.B. by 47.8% during the first quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank's stock valued at $20,188,000 after acquiring an additional 390,526 shares during the period. Institutional investors own 79.25% of the company's stock.

About F.N.B.

F.N.B. Corporation NYSE: FNB is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking, lending and wealth management services to individuals, families, businesses and government entities.

FNB's offerings include checking and savings accounts, certificates of deposit, residential and consumer loans, commercial real estate and business lending, treasury management and cash-management services.

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