Key Points
- Insider sale: James Dutey sold 40,000 shares of F.N.B. at an average price of $16.75 (≈$670,000), cutting his stake by 44.48% to 49,936 shares valued at about $836,428.
- Dividend announced: F.N.B. declared a quarterly dividend of $0.12 (annualized $0.48) with an ex-dividend/record date of Dec 1 and payment on Dec 15, representing a yield of ~2.8%.
- Analyst outlook: The stock carries a consensus rating of “Moderate Buy” with a consensus price target of $19.00 (five Buy ratings, one Hold), and recent coverage includes Piper Sandler’s overweight call and Truist raising its target to $18.50.
F.N.B. Corporation (NYSE:FNB - Get Free Report) insider James Dutey sold 40,000 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total value of $670,000.00. Following the sale, the insider directly owned 49,936 shares in the company, valued at approximately $836,428. The trade was a 44.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
F.N.B. Trading Up 1.8%
Shares of FNB stock opened at $16.92 on Thursday. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.87 and a beta of 0.93. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $15.92 and a 200 day moving average price of $15.50. F.N.B. Corporation has a twelve month low of $10.88 and a twelve month high of $16.98.
F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings results on Thursday, June 20th. The bank reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $419.30 million for the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. Research analysts forecast that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.
F.N.B. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. F.N.B.'s payout ratio is presently 34.53%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of F.N.B. in a research note on Tuesday. Piper Sandler assumed coverage on F.N.B. in a research report on Wednesday. They issued an "overweight" rating and a $19.00 price objective for the company. DA Davidson downgraded F.N.B. from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 20th. Finally, Truist Financial raised their price target on F.N.B. from $18.00 to $18.50 and gave the stock a "buy" rating in a research note on Monday, October 20th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.
Read Our Latest Stock Report on FNB
Institutional Trading of F.N.B.
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rhino Investment Partners Inc purchased a new position in shares of F.N.B. in the 1st quarter worth $19,990,000. Goldman Sachs Group Inc. grew its position in F.N.B. by 77.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank's stock valued at $20,353,000 after acquiring an additional 660,387 shares during the period. AQR Capital Management LLC increased its stake in F.N.B. by 36.4% during the first quarter. AQR Capital Management LLC now owns 1,896,488 shares of the bank's stock worth $25,204,000 after acquiring an additional 505,780 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of F.N.B. by 175.9% in the 1st quarter. Hsbc Holdings PLC now owns 740,798 shares of the bank's stock worth $9,935,000 after purchasing an additional 472,300 shares during the period. Finally, Stanley Laman Group Ltd. purchased a new position in shares of F.N.B. in the 2nd quarter worth about $3,440,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.
F.N.B. Company Profile
(
Get Free Report)
F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
