F.N.B. (NYSE:FNB) Insider Gary Guerrieri Sells 19,000 Shares of Stock

F.N.B. Corporation (NYSE:FNB) insider Gary Guerrieri sold 19,000 shares of F.N.B. stock in a transaction on Friday, June 12th. The stock was sold at an average price of $18.53, for a total transaction of $352,070.00. Following the sale, the insider directly owned 298,097 shares in the company, valued at $5,523,737.41. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

F.N.B. Stock Performance

F.N.B. stock opened at $18.62 on Friday. F.N.B. Corporation has a 12-month low of $13.54 and a 12-month high of $19.14. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 0.87 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 firm’s fifty day moving average price is $17.60 and its 200 day moving average price is $17.37.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. F.N.B. had a net margin of 21.64% and a return on equity of 8.94%. The firm had revenue of $450.00 million for the quarter, compared to the consensus estimate of $454.06 million. During the same quarter in the previous year, the firm posted $0.32 EPS. On average, research analysts forecast that F.N.B. Corporation will post 1.73 EPS for the current fiscal year.

F.N.B. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.13 per share. This is a positive change from F.N.B.’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.52 annualized dividend and a yield of 2.8%. F.N.B.’s payout ratio is presently 32.10%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FNB. Goldman Sachs Group Inc. boosted its holdings in shares of F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after buying an additional 660,387 shares during the period. Rhino Investment Partners Inc boosted its holdings in shares of F.N.B. by 47.8% in the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock valued at $20,188,000 after buying an additional 390,526 shares during the period. SG Americas Securities LLC boosted its holdings in shares of F.N.B. by 585.2% in the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock valued at $5,990,000 after buying an additional 305,961 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of F.N.B. in the 1st quarter valued at about $3,381,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of F.N.B. by 454.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 220,357 shares of the bank’s stock valued at $3,550,000 after buying an additional 180,610 shares during the period. 79.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on FNB shares. Keefe, Bruyette & Woods raised their price objective on shares of F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a report on Tuesday. Finally, Truist Financial raised their price objective on shares of F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $20.20.

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.