F.N.B. Co. (NYSE:FNB) Short Interest Down 9.4% in November

F.N.B. Co. (NYSE:FNB) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 6,870,000 shares, a decrease of 9.4% from the November 15th total of 7,580,000 shares. Based on an average daily volume of 2,280,000 shares, the short-interest ratio is currently 3.0 days.

F.N.B. Trading Down 0.3 %

Shares of NYSE:FNB traded down $0.05 during trading on Friday, reaching $15.91. The stock had a trading volume of 3,056,005 shares, compared to its average volume of 2,210,907. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 14.60 and a beta of 0.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. F.N.B. has a 52 week low of $12.49 and a 52 week high of $17.70. The firm’s fifty day moving average is $15.61 and its 200 day moving average is $14.55.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. As a group, equities analysts forecast that F.N.B. will post 1.34 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.02%. F.N.B.’s dividend payout ratio (DPR) is 44.04%.

Insider Activity

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. This represents a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in F.N.B. in the second quarter valued at approximately $920,000. Diversified Trust Co boosted its position in F.N.B. by 4.9% during the 2nd quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock valued at $231,000 after acquiring an additional 789 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of F.N.B. by 9.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 40,687 shares of the bank’s stock worth $557,000 after acquiring an additional 3,441 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of F.N.B. by 19.7% in the 2nd quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock valued at $127,000 after purchasing an additional 1,486 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in F.N.B. during the second quarter valued at $149,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Analysts Set New Price Targets

FNB has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Raymond James lifted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, Stephens increased their price target on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.67.

F.N.B. Company Profile

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.