F.N.B. (NYSE:FNB) Reaches New 52-Week High – Still a Buy?

F.N.B. Corporation (NYSE:FNB)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $17.83 and last traded at $17.6350, with a volume of 1514818 shares. The stock had previously closed at $17.47.

Wall Street Analyst Weigh In

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

F.N.B. Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50-day moving average price is $16.12 and its two-hundred day moving average price is $15.72. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 0.90 and a beta of 0.93.

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

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, December 1st. F.N.B.’s payout ratio is 34.53%.

Insider Buying and Selling

In related news, insider Gary L. Guerrieri sold 15,000 shares of F.N.B. stock in a transaction that occurred on 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James L. Dutey sold 40,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $16.75, for a total value of $670,000.00. Following the transaction, the insider owned 49,936 shares of the company’s stock, valued at approximately $836,428. This represents a 44.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.37% of the company’s stock.

Institutional Trading of F.N.B.

Hedge funds have recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in F.N.B. during the 1st quarter worth approximately $34,000. EverSource Wealth Advisors LLC grew its stake in shares of F.N.B. by 3,723.1% during the second 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. AlphaQuest LLC grew its stake in shares of F.N.B. by 82.2% during the first quarter. AlphaQuest LLC now owns 3,295 shares of the bank’s stock worth $44,000 after purchasing an additional 1,487 shares in the last quarter. Parallel Advisors LLC increased its holdings in F.N.B. by 22.8% in the second quarter. Parallel Advisors LLC now owns 3,802 shares of the bank’s stock valued at $55,000 after buying an additional 706 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in F.N.B. in the third quarter valued at $55,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

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.