F.N.B. Co. (NYSE:FNB) Short Interest Update

F.N.B. Co. (NYSE:FNB – Get Rating) was the target of a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 9,630,000 shares, an increase of 11.7% from the December 15th total of 8,620,000 shares. Based on an average daily volume of 2,630,000 shares, the short-interest ratio is presently 3.7 days.

Wall Street Analyst Weigh In

Several research firms have weighed in on FNB. Wells Fargo & Company lifted their target price on F.N.B. from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, December 15th. StockNews.com began coverage on F.N.B. in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Truist Financial lifted their target price on F.N.B. from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 20th. Raymond James lifted their target price on F.N.B. from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, October 20th. Finally, Keefe, Bruyette & Woods lowered F.N.B. from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $16.00 to $15.50 in a report on Monday, December 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.30.

Institutional Trading of F.N.B.

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Command Bank bought a new stake in F.N.B. during the second quarter worth about $27,000. IFP Advisors Inc raised its holdings in F.N.B. by 196.0% during the third quarter. IFP Advisors Inc now owns 2,451 shares of the bank’s stock worth $30,000 after acquiring an additional 1,623 shares in the last quarter. TCI Wealth Advisors Inc. raised its holdings in F.N.B. by 72.8% during the third quarter. TCI Wealth Advisors Inc. now owns 2,645 shares of the bank’s stock worth $31,000 after acquiring an additional 1,114 shares in the last quarter. Old North State Trust LLC bought a new stake in F.N.B. during the third quarter worth about $39,000. Finally, Bessemer Group Inc. bought a new stake in F.N.B. during the third quarter worth about $52,000. Institutional investors own 76.07% of the company’s stock.

F.N.B. Stock Performance

Shares of F.N.B. stock opened at $13.11 on Tuesday. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 11.60 and a beta of 1.08. The stock’s 50-day moving average is $13.25 and its 200-day moving average is $12.73. F.N.B. has a one year low of $10.48 and a one year high of $14.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.87 and a quick ratio of 0.87.

F.N.B. (NYSE:FNB – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The bank reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. F.N.B. had a return on equity of 8.40% and a net margin of 27.57%. During the same period last year, the business earned $0.30 EPS. Equities analysts predict that F.N.B. will post 1.36 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 Wednesday, March 15th. Investors of record on Friday, March 3rd will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, March 2nd. This represents a $0.48 annualized dividend and a yield of 3.66%. F.N.B.’s payout ratio is presently 42.48%.

About F.N.B.

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F.N.B. Corp. is a financial holding company. It engages in the provision of financial services to consumers, corporations, governments, and small to medium-sized businesses. The firm operates through the following segments: Community Banking, Wealth Management, Insurance, and Other. The Community Banking segment includes commercial and consumer banking services.