F.N.B. Corporation (NYSE:FNB) Short Interest Down 19.1% in December

F.N.B. Corporation (NYSE:FNB) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 12,121,107 shares, a decline of 19.1% from the December 15th total of 14,980,411 shares. Based on an average daily volume of 3,876,163 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.4% of the shares of the company are short sold. Approximately 3.4% of the shares of the company are short sold. Based on an average daily volume of 3,876,163 shares, the days-to-cover ratio is presently 3.1 days.

F.N.B. Stock Down 0.8%

Shares of F.N.B. stock traded down $0.14 during trading on Monday, hitting $17.33. 12,559,716 shares of the stock traded hands, compared to its average volume of 4,018,205. The stock has a market cap of $6.21 billion, a P/E ratio of 12.47, a PEG ratio of 0.83 and a beta of 0.91. The company has a fifty day moving average price of $16.96 and a two-hundred day moving average price of $16.26. F.N.B. has a twelve month low of $10.88 and a twelve month high of $17.93. 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) last released its quarterly earnings data on Friday, October 17th. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $457.50 million for the quarter, compared to the consensus estimate of $448.10 million. F.N.B. had a return on equity of 8.22% and a net margin of 19.23%.During the same quarter in the prior year, the company posted $0.34 earnings per share. Equities research analysts predict that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, December 1st. F.N.B.’s payout ratio is presently 34.53%.

Insider Buying and Selling at F.N.B.

In other news, insider Gary L. Guerrieri sold 15,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $17.67, for a total transaction of $265,050.00. Following the sale, the insider owned 279,883 shares of the company’s stock, valued at approximately $4,945,532.61. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James L. Dutey sold 40,000 shares of the 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 completion of the transaction, the insider directly owned 49,936 shares of the company’s stock, valued at approximately $836,428. The trade was a 44.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

Institutional Trading of F.N.B.

A number of institutional investors and hedge funds have recently made changes to their positions in FNB. CoreCap Advisors LLC bought a new position in shares of F.N.B. in the 4th quarter valued at approximately $34,000. Congress Asset Management Co. grew its holdings in F.N.B. by 2.6% during the fourth quarter. Congress Asset Management Co. now owns 466,393 shares of the bank’s stock valued at $7,975,000 after purchasing an additional 11,841 shares during the last quarter. Park National Corp OH bought a new position in shares of F.N.B. in the fourth quarter valued at approximately $188,000. GAMMA Investing LLC lifted its stake in shares of F.N.B. by 4.3% in the fourth quarter. GAMMA Investing LLC now owns 15,745 shares of the bank’s stock worth $269,000 after buying an additional 649 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of F.N.B. in the third quarter worth $55,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research note on Monday, December 29th. DA Davidson lowered shares of F.N.B. from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Truist Financial set a $19.00 target price on F.N.B. in a report on Tuesday, January 13th. Finally, Piper Sandler assumed coverage on F.N.B. in a research note on Wednesday, December 3rd. They set an “overweight” rating and a $19.00 price target for the company. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.10.

F.N.B. Company Profile

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.