F.N.B. (NYSE:FNB) Hits New 12-Month High – Time to Buy?

F.N.B. Corporation (NYSE:FNB)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $19.32 and last traded at $19.2980, with a volume of 449039 shares changing hands. The stock had previously closed at $18.98.

Analyst Ratings Changes

Several brokerages have recently weighed in on FNB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th. Keefe, Bruyette & Woods upped their target price on F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Piper Sandler increased their target price on F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Truist Financial lifted their price target on F.N.B. from $19.50 to $20.00 and gave the company a “buy” rating in a report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, F.N.B. currently has an average rating of “Buy” and an average price target of $20.40.

F.N.B. Price Performance

The company has a market cap of $6.85 billion, a PE ratio of 11.87, a PEG ratio of 0.91 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91. The stock’s 50-day moving average is $17.83 and its 200 day moving average is $17.51.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $450.00 million for the quarter, compared to analyst estimates of $454.06 million. F.N.B. had a net margin of 21.64% and a return on equity of 8.94%. During the same period in the previous year, the company earned $0.32 earnings per share. On average, equities analysts anticipate that F.N.B. Corporation will post 1.73 earnings per share for the current fiscal year.

F.N.B. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.13 per share. This is a positive change from F.N.B.’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, June 1st. This represents a $0.52 annualized dividend and a yield of 2.7%. F.N.B.’s dividend payout ratio (DPR) is presently 32.10%.

Insider Transactions at F.N.B.

In related news, insider Gary L. Guerrieri sold 19,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $18.53, for a total transaction of $352,070.00. Following the transaction, the insider directly owned 298,097 shares of the company’s stock, valued at $5,523,737.41. This represents a 5.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On F.N.B.

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its position in shares of F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after purchasing an additional 660,387 shares during the last quarter. Rhino Investment Partners Inc grew its position in F.N.B. by 47.8% during the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock worth $20,188,000 after purchasing an additional 390,526 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in F.N.B. by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock valued at $14,112,000 after purchasing an additional 58,672 shares in the last quarter. Congress Asset Management Co. lifted its stake in shares of F.N.B. by 2.6% during the fourth quarter. Congress Asset Management Co. now owns 466,393 shares of the bank’s stock worth $7,975,000 after buying an additional 11,841 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of F.N.B. by 585.2% during the first quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock worth $5,990,000 after buying an additional 305,961 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

About F.N.B.

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.