F.N.B. (NYSE:FNB) Sets New 52-Week Low – What’s Next?

F.N.B. Co. (NYSE:FNB) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $12.31 and last traded at $12.35, with a volume of 668721 shares trading hands. The stock had previously closed at $13.65.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson increased their target price on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Piper Sandler reduced their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, F.N.B. currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

F.N.B. Stock Performance

The stock has a market capitalization of $4.36 billion, a P/E ratio of 9.63, a PEG ratio of 3.60 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $14.57 and a two-hundred day moving average price of $14.95.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.96%. The ex-dividend date was Monday, March 3rd. F.N.B.’s dividend payout ratio is presently 38.10%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, Director William B. Campbell acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the transaction, the director now owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now directly owns 65,344 shares of the company’s stock, valued at $1,013,485.44. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. PL Capital Advisors LLC purchased a new position in F.N.B. in the 4th quarter worth approximately $308,616,000. Norges Bank bought a new stake in shares of F.N.B. during the 4th quarter worth $50,205,000. First Trust Advisors LP increased its stake in F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank’s stock valued at $77,349,000 after acquiring an additional 2,273,736 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in F.N.B. during the fourth quarter valued at about $15,801,000. Finally, Point72 Asset Management L.P. bought a new stake in F.N.B. during the third quarter worth about $14,190,000. 79.25% of the stock is currently owned by institutional investors.

F.N.B. Company Profile

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.