F.N.B. (NYSE:FNB) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

F.N.B. Corporation (NYSE:FNB)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.37 and traded as high as $18.35. F.N.B. shares last traded at $18.2930, with a volume of 3,587,691 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on FNB. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday. Truist Financial lifted their price target on shares of F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $20.20.

F.N.B. Trading Up 1.8%

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 firm’s 50 day moving average is $17.60 and its 200 day moving average is $17.37. The company has a market capitalization of $6.63 billion, a PE ratio of 11.49, a P/E/G ratio of 0.87 and a beta of 0.84.

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

F.N.B. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from F.N.B.’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 2.8%. F.N.B.’s payout ratio is presently 32.10%.

Insider Activity at F.N.B.

In related news, insider Gary L. Guerrieri sold 19,000 shares of F.N.B. stock in a transaction on Friday, June 12th. The shares were sold at an average price of $18.53, for a total value 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. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FNB. CoreCap Advisors LLC purchased a new position in F.N.B. during the 4th quarter valued at $34,000. Root Financial Partners LLC increased its position in F.N.B. by 66.8% during the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after purchasing an additional 820 shares during the period. EverSource Wealth Advisors LLC increased its position in F.N.B. by 3,723.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,420 shares during the period. Triumph Capital Management purchased a new position in F.N.B. during the 3rd quarter valued at $55,000. Finally, Parallel Advisors LLC increased its position in F.N.B. by 18.9% during the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after purchasing an additional 720 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

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.