F.N.B. (NYSE:FNB) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened
by Jessica Moore · The Cerbat GemF.N.B. Corporation (NYSE:FNB – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.27 and traded as high as $17.31. F.N.B. shares last traded at $17.0760, with a volume of 6,737,923 shares trading hands.
Analysts Set New Price Targets
Several brokerages recently weighed in on FNB. Truist Financial raised their target price on shares of F.N.B. from $19.50 to $20.00 and gave the company a “buy” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods raised their target price on shares of F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $20.20.
Check Out Our Latest Stock Analysis on F.N.B.
F.N.B. Price Performance
The company has a market capitalization of $6.30 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. 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 company’s 50 day simple moving average is $17.41 and its 200 day simple moving average is $17.28.
F.N.B. (NYSE:FNB – Get Free Report) last announced its quarterly earnings results on Friday, April 17th. The bank reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $450.00 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.32 earnings per share. As a group, sell-side analysts predict that F.N.B. Corporation will post 1.73 earnings per share for the current year.
F.N.B. Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.13 dividend. This is an increase from F.N.B.’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, June 1st. F.N.B.’s payout ratio is currently 32.10%.
Institutional Investors Weigh In On F.N.B.
Large investors have recently modified their holdings of the company. Horizon Investments LLC acquired a new stake in shares of F.N.B. in the fourth quarter valued at approximately $2,182,000. Syon Capital LLC acquired a new stake in shares of F.N.B. in the third quarter valued at approximately $501,000. Danske Bank A S acquired a new stake in shares of F.N.B. in the third quarter valued at approximately $85,000. Parallel Advisors LLC boosted its holdings in shares of F.N.B. by 97.9% in the fourth quarter. Parallel Advisors LLC now owns 8,948 shares of the bank’s stock valued at $153,000 after acquiring an additional 4,426 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of F.N.B. in the third quarter valued at approximately $960,000. 79.25% of the stock is owned by institutional investors and hedge funds.
F.N.B. Company Profile
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.