F.N.B. (NYSE:FNB) Share Price Crosses Above 200 Day Moving Average – Time to Sell?
by Scott Moore · The Cerbat GemF.N.B. Corporation (NYSE:FNB – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.43 and traded as high as $18.41. F.N.B. shares last traded at $18.2440, with a volume of 6,322,881 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on FNB shares. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a report on Tuesday, June 9th. Keefe, Bruyette & Woods boosted their target price on shares of F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, Truist Financial increased their price target on F.N.B. from $19.50 to $20.00 and gave the company a “buy” rating in a report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, F.N.B. currently has an average rating of “Buy” and an average price target of $20.20.
View Our Latest Analysis on FNB
F.N.B. Trading Up 0.1%
The stock has a 50 day simple moving average of $17.72 and a 200-day simple moving average of $17.43. The firm has a market capitalization of $6.49 billion, a P/E ratio of 11.26, a P/E/G ratio of 0.86 and a beta of 0.84. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29.
F.N.B. (NYSE:FNB – Get Free Report) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $450.00 million for the quarter, compared to analysts’ expectations of $454.06 million. F.N.B. had a net margin of 21.64% and a return on equity of 8.94%. During the same quarter in the prior year, the business earned $0.32 EPS. On average, equities research analysts forecast that F.N.B. Corporation will post 1.73 EPS for the current fiscal year.
F.N.B. Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.13 dividend. The ex-dividend date was Monday, June 1st. This is a boost from F.N.B.’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 2.9%. F.N.B.’s payout ratio is 32.10%.
Insiders Place Their Bets
In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the sale, the insider owned 298,097 shares in the company, valued at $5,523,737.41. This represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new stake in F.N.B. in the 4th quarter worth approximately $34,000. Root Financial Partners LLC boosted its position 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 worth $34,000 after purchasing an additional 820 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of 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 worth $36,000 after purchasing an additional 2,420 shares during the period. Triumph Capital Management bought a new position in shares of F.N.B. in the third quarter worth approximately $55,000. Finally, Parallel Advisors LLC increased its stake in shares of F.N.B. by 18.9% in 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 in the last quarter. 79.25% of the stock is currently owned by institutional investors.
About F.N.B.
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.