F.N.B. (NYSE:FNB) Insider Gary Guerrieri Sells 15,000 Shares

F.N.B. Corporation (NYSE:FNB) insider Gary Guerrieri sold 15,000 shares of F.N.B. stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $17.67, for a total value of $265,050.00. Following the completion of the transaction, the insider owned 279,883 shares of the company’s stock, valued at approximately $4,945,532.61. This represents a 5.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

F.N.B. Stock Down 0.8%

F.N.B. stock opened at $17.52 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $6.27 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.91 and a beta of 0.93. The business has a 50 day simple moving average of $16.08 and a 200-day simple moving average of $15.65. F.N.B. Corporation has a 12 month low of $10.88 and a 12 month high of $17.75.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, June 20th. The bank reported $0.40 earnings per share for the quarter. The company had revenue of $419.30 million during the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. On average, analysts anticipate that F.N.B. Corporation will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 1st. F.N.B.’s dividend payout ratio is currently 34.53%.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in shares of F.N.B. by 3,723.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,420 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in F.N.B. during the 1st quarter worth about $34,000. AlphaQuest LLC raised its position in F.N.B. by 82.2% in the 1st quarter. AlphaQuest LLC now owns 3,295 shares of the bank’s stock valued at $44,000 after purchasing an additional 1,487 shares in the last quarter. Triumph Capital Management purchased a new position in shares of F.N.B. in the 3rd quarter valued at about $55,000. Finally, Parallel Advisors LLC grew its position in shares of F.N.B. by 22.8% during the second quarter. Parallel Advisors LLC now owns 3,802 shares of the bank’s stock worth $55,000 after buying an additional 706 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FNB. Piper Sandler started coverage on shares of F.N.B. in a research note on Wednesday, December 3rd. They set an “overweight” rating and a $19.00 target price on the stock. DA Davidson downgraded shares of F.N.B. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Truist Financial boosted their target price on F.N.B. from $18.00 to $18.50 and gave the stock a “buy” rating in a 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

About F.N.B.

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.