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

F.N.B. Corporation (NYSE:FNBGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.73 and traded as high as $19.31. F.N.B. shares last traded at $18.8650, with a volume of 4,526,112 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FNB shares. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Wells Fargo & Company upped their price objective on shares of F.N.B. from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Truist Financial dropped their price objective on shares of F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Monday, July 20th. Wall Street Zen cut shares of F.N.B. from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Monday, July 20th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and an average price target of $20.70.

Get Our Latest Report on F.N.B.

F.N.B. Trading Down 0.7%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. The business has a fifty day simple moving average of $18.43 and a 200 day simple moving average of $17.74.

F.N.B. (NYSE:FNBGet Free Report) last posted its earnings results on Thursday, July 16th. The bank reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.The company had revenue of $465.77 million during the quarter, compared to the consensus estimate of $467.13 million. During the same quarter last year, the firm earned $0.36 earnings per share. As a group, research analysts expect that F.N.B. Corporation will post 1.69 EPS for the current year.

Insider Buying and Selling at F.N.B.

In other 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 directly owned 298,097 shares in the company, valued at approximately $5,523,737.41. This represents a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

Hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC bought a new stake in shares of F.N.B. during the 4th quarter worth approximately $34,000. Root Financial Partners LLC increased its stake in F.N.B. by 66.8% in the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after acquiring an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in F.N.B. by 3,723.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,420 shares during the last quarter. Triumph Capital Management acquired a new position in F.N.B. during the third quarter valued at approximately $55,000. Finally, Parallel Advisors LLC raised its position in F.N.B. by 18.9% during the third 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. 79.25% of the stock is owned by institutional investors.

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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