F.N.B. (NYSE:FNB) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of F.N.B. Corporation (NYSE:FNBGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.83 and traded as high as $19.44. F.N.B. shares last traded at $18.9910, with a volume of 2,784,661 shares trading hands.

Wall Street Analysts Forecast Growth

FNB has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Truist Financial cut their price target on shares of F.N.B. from $21.00 to $20.50 and set a “buy” rating for the company in a report on Monday, July 20th. Keefe, Bruyette & Woods increased their price target on shares of F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Bank of America reissued a “neutral” rating and issued a $19.00 price objective (down from $20.00) on shares of F.N.B. in a research note on Monday, July 20th. Finally, Wall Street Zen downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, F.N.B. has a consensus rating of “Moderate Buy” and an average target price of $20.70.

Read Our Latest Research Report on FNB

F.N.B. Trading Down 1.1%

The business’s 50 day simple moving average is $18.65 and its two-hundred day simple moving average is $17.83. The stock has a market cap of $6.76 billion, a P/E ratio of 11.30, a PEG ratio of 1.22 and a beta of 0.85. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29.

F.N.B. (NYSE:FNBGet Free Report) last announced its quarterly earnings results on Friday, July 17th. The bank reported $0.42 EPS for the quarter, meeting 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 $463.00 million during the quarter, compared to analysts’ expectations of $467.13 million. During the same period in the prior year, the company earned $0.36 EPS. As a group, analysts expect that F.N.B. Corporation will post 1.69 EPS for the current 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 dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 1st. F.N.B.’s dividend payout ratio (DPR) is presently 30.95%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Institutional Trading of F.N.B.

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its stake in F.N.B. by 18.9% during the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after purchasing an additional 720 shares during the period. Quent Capital LLC lifted its position in shares of F.N.B. by 6.6% during the fourth quarter. Quent Capital LLC now owns 11,823 shares of the bank’s stock worth $202,000 after purchasing an additional 734 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of 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 purchasing an additional 820 shares during the period. Versant Capital Management Inc grew its holdings in shares of F.N.B. by 9.7% in the second quarter. Versant Capital Management Inc now owns 11,861 shares of the bank’s stock valued at $226,000 after purchasing an additional 1,044 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of F.N.B. by 61.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock valued at $62,000 after purchasing an additional 1,369 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

F.N.B. Company Profile

(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.

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