F.N.B. (NYSE:FNB) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

F.N.B. Corporation (NYSE:FNB)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

Several brokerages have recently commented on FNB. Keefe, Bruyette & Woods upped their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Finally, Truist Financial boosted 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, F.N.B. currently has a consensus rating of “Buy” and a consensus price target of $20.20.

F.N.B. Trading Up 0.1%

The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $17.72 and its two-hundred day moving average is $17.43. The firm has a market cap of $6.49 billion, a P/E ratio of 11.26, a PEG ratio of 0.86 and a beta of 0.84.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $450.00 million during 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 business earned $0.32 EPS. Analysts predict that F.N.B. Corporation will post 1.73 earnings per share for the current fiscal year.

F.N.B. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.9%. This is a boost from F.N.B.’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, June 1st. F.N.B.’s dividend payout ratio (DPR) is 32.10%.

Insiders Place Their Bets

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of F.N.B. stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,523,737.41. The trade was a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Institutional Trading of F.N.B.

A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in 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 worth $20,353,000 after buying an additional 660,387 shares in the last quarter. Rhino Investment Partners Inc lifted its stake in F.N.B. by 47.8% during the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock valued at $20,188,000 after acquiring an additional 390,526 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of F.N.B. by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock valued at $14,112,000 after acquiring an additional 58,672 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of F.N.B. by 2.6% during the 4th quarter. Congress Asset Management Co. now owns 466,393 shares of the bank’s stock valued at $7,975,000 after acquiring an additional 11,841 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of F.N.B. by 585.2% in the first quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock worth $5,990,000 after acquiring an additional 305,961 shares during the period. 79.25% of the stock is 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.