Key Points
- Insider sale: Director Gary Guerrieri sold 15,000 shares on December 10 at $17.67 each for $265,050, trimming his stake by 5.09% to 279,883 shares (≈$4.95M).
- Dividend declared: F.N.B. announced a quarterly dividend of $0.12 per share (annualized $0.48) with an ex-dividend date of December 1 and a yield of 2.7%, payable December 15.
- Analyst sentiment: The stock has a consensus rating of "Moderate Buy" (five Buys, one Hold) with an average price target of $19.00.
F.N.B. Corporation (NYSE:FNB - Get Free Report) insider Gary Guerrieri sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $17.67, for a total transaction of $265,050.00. Following the completion of the transaction, the insider owned 279,883 shares in the company, valued at $4,945,532.61. This represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
F.N.B. Stock Down 0.8%
FNB stock opened at $17.52 on Friday. The stock has a market cap of $6.27 billion, a P/E ratio of 12.60, a PEG ratio of 0.91 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. F.N.B. Corporation has a twelve month low of $10.88 and a twelve month high of $17.75. The company's 50 day moving average is $16.08 and its two-hundred day moving average is $15.65.
F.N.B. (NYSE:FNB - Get Free Report) last posted its earnings results on Thursday, June 20th. The bank reported $0.40 EPS for the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. The firm had revenue of $419.30 million for the quarter. Research analysts expect that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.
F.N.B. Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, December 1st. F.N.B.'s dividend payout ratio (DPR) is currently 34.53%.
Institutional Trading of F.N.B.
A number of institutional investors have recently modified their holdings of FNB. EverSource Wealth Advisors LLC grew its holdings in F.N.B. by 3,723.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank's stock worth $36,000 after acquiring an additional 2,420 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of F.N.B. during the 1st quarter worth $34,000. AlphaQuest LLC boosted its position in shares of F.N.B. by 82.2% during the 1st quarter. AlphaQuest LLC now owns 3,295 shares of the bank's stock worth $44,000 after purchasing an additional 1,487 shares in the last quarter. Triumph Capital Management acquired a new position in shares of F.N.B. during the 3rd quarter worth $55,000. Finally, Parallel Advisors LLC increased its holdings in shares of F.N.B. by 22.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,802 shares of the bank's stock valued at $55,000 after purchasing an additional 706 shares in the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
FNB has been the subject of a number of research reports. Piper Sandler initiated coverage on F.N.B. in a research note on Wednesday, December 3rd. They issued an "overweight" rating and a $19.00 price objective for the company. DA Davidson downgraded shares of F.N.B. from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 20th. Truist Financial raised their price objective on shares of F.N.B. from $18.00 to $18.50 and gave the stock a "buy" rating in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of F.N.B. in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $19.00.
Check Out Our Latest Report on F.N.B.
About F.N.B.
(
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.
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