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

by · The Markets Daily

F.N.B. Corporation (NYSE:FNB – Get Free Report) insider Gary Guerrieri sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $17.67, for a total transaction of $265,050.00. Following the transaction, the insider owned 279,883 shares in the company, valued at approximately $4,945,532.61. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

F.N.B. Stock Performance

NYSE:FNB traded down $0.14 during mid-day trading on Friday, reaching $17.52. The stock had a trading volume of 4,343,923 shares, compared to its average volume of 5,467,669. F.N.B. Corporation has a twelve month low of $10.88 and a twelve month high of $17.75. The business has a 50 day simple moving average of $16.05 and a 200 day simple moving average of $15.62. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.91 and a beta of 0.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92.

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

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, December 1st. F.N.B.’s payout ratio is presently 34.53%.

Hedge Funds Weigh In On F.N.B.

Hedge funds have recently made changes to their positions in the stock. LPL Financial LLC increased its holdings in shares of F.N.B. by 0.4% during the 1st quarter. LPL Financial LLC now owns 224,171 shares of the bank’s stock worth $3,015,000 after buying an additional 886 shares during the last quarter. Vanguard Group Inc. increased its stake in F.N.B. by 0.3% during the first quarter. Vanguard Group Inc. now owns 39,531,150 shares of the bank’s stock worth $531,694,000 after acquiring an additional 114,672 shares during the last quarter. Deutsche Bank AG increased its stake in F.N.B. by 332.9% during the first quarter. Deutsche Bank AG now owns 93,174 shares of the bank’s stock worth $1,253,000 after acquiring an additional 71,650 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of F.N.B. by 5.7% in the 1st quarter. Neuberger Berman Group LLC now owns 35,123 shares of the bank’s stock worth $472,000 after purchasing an additional 1,889 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of F.N.B. in the 1st quarter valued at about $236,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FNB. Piper Sandler began coverage on shares of F.N.B. in a report on Wednesday, December 3rd. They issued an “overweight” rating and a $19.00 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a report on Monday. DA Davidson lowered F.N.B. from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Truist Financial lifted their price objective on F.N.B. from $18.00 to $18.50 and gave the stock a “buy” rating in a report on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Check Out Our Latest Analysis on F.N.B.

F.N.B. Company Profile

(Get Free Report)

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.

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