F.N.B. (NYSE:FNB) Share Price Crosses Above 200-Day Moving Average – What’s Next?

F.N.B. Corporation (NYSE:FNB) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.14 and traded as high as $17.37. F.N.B. shares last traded at $17.2610, with a volume of 4,547,164 shares changing hands.

Analysts Set New Price Targets

FNB has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Truist Financial raised their target price on shares of F.N.B. from $19.50 to $20.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Piper Sandler reissued an “overweight” rating and set a $21.00 target price (up from $20.00) on shares of F.N.B. in a research report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $20.20.

F.N.B. Stock Up 2.4%

The firm has a market capitalization of $6.24 billion, a P/E ratio of 10.82, a PEG ratio of 0.81 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. The business’s fifty day moving average price is $17.11 and its two-hundred day moving average price is $17.16.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. F.N.B. had a net margin of 21.64% and a return on equity of 8.94%. The business had revenue of $450.00 million for the quarter, compared to analysts’ expectations of $454.06 million. During the same period last year, the business earned $0.32 EPS. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.13 dividend. This is a boost from F.N.B.’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, June 1st. This represents a $0.52 dividend on an annualized basis and a yield of 3.0%. F.N.B.’s dividend payout ratio (DPR) is 29.63%.

Institutional Trading of F.N.B.

A number of institutional investors have recently bought and sold shares of FNB. Royal Bank of Canada boosted its stake in F.N.B. by 11.6% in the 1st quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock worth $3,692,000 after purchasing an additional 28,570 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in F.N.B. by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank’s stock worth $2,058,000 after purchasing an additional 29,248 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake 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 purchasing an additional 660,387 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in F.N.B. by 5.9% in 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 worth $14,112,000 after purchasing an additional 58,672 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in F.N.B. by 3,723.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after purchasing an additional 2,420 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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.