In yesterday’s Wall Street session, F.N.B. Corporation (NYSE:FNB) shares traded at $12.50, down -0.40% from the previous session.
As of this writing, 8 analysts cover F.N.B. Corporation (NYSE:FNB). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $12.00, we find $14.50. Given the previous closing price of $12.55, this indicates a potential upside of 15.54 percent. FNB stock price is now 8.69% away from the 50-day moving average and -1.08% away from the 200-day moving average. The market capitalization of the company currently stands at $4.53B.
There are 2 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $14.50 as their price target over the next twelve months.
With the price target of $15, Stephens recently initiated with Overweight rating for F.N.B. Corporation (NYSE: FNB).
In other news, Bena Pamela A, Director bought 350 shares of the company’s stock on Feb 24. The stock was bought for $4,924 at an average price of $14.07. Upon completion of the transaction, the Director now directly owns 64,380 shares in the company, valued at $0.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15, Chief Credit Officer GUERRIERI GARY L sold 5,000 shares of the business’s stock. A total of $73,055 was realized by selling the stock at an average price of $14.61. This leaves the insider owning 89,317 shares of the company worth $1.12 million. Insiders disposed of 443,072 shares of company stock worth roughly $5.54 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FNB stock. A new stake in F.N.B. Corporation shares was purchased by M&G INVESTMENT MANAGEMENT LTD during the first quarter worth $5,220,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $3,304,000 in shares of FNB during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in F.N.B. Corporation valued at approximately $2,392,000. ALPHA DNA INVESTMENT MANAGEMENT LLC acquired a new stake in FNB for approximately $1,116,000. TRADEWINDS, LLC. purchased a new stake in FNB valued at around $1,094,000 in the second quarter. In total, there are 493 active investors with 78.80% ownership of the company’s stock.
Friday morning saw F.N.B. Corporation (NYSE: FNB) opened at $12.74. During the past 12 months, F.N.B. Corporation has had a low of $10.09 and a high of $14.71. The fifty day moving average price for FNB is $11.54 and a two-hundred day moving average price translates $12.64 for the stock.
The latest earnings results from F.N.B. Corporation (NYSE: FNB) was released for Jun, 2023. According to the Banks – Regional Company, earnings per share came in at $0.39, beating analysts’ expectations of $0.38 by 0.01. This compares to $0.15 EPS in the same period last year. The net profit margin was 25.70% and return on equity was 7.90% for FNB. The company reported revenue of $444.0 million for the quarter, compared to $254.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 74.8 percent. For the current quarter, analysts expect FNB to generate $405.3M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 09/05/2023 were paid a $0.12 dividend. On an annualized basis, this represents a $0.48 dividend and a 3.84% percent yield. There was an ex-dividend date of 09/01/2023 for this dividend. In terms of dividend payout ratio, FNB is presently at 39.10%.
F.N.B. Corporation(FNB) 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. The Community Banking segment offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services. It also provides consumer banking products and services, such as deposit products, mortgage lending and consumer lending services, and mobile and online banking services. The Wealth Management segment provides personal and corporate fiduciary services comprising administration of decedent and trust estates; and securities brokerage and investment advisory services, mutual funds, and annuities. The Insurance segment comprises commercial and personal insurance, and reinsurance products, as well as mezzanine financing options for small- to medium-sized businesses. F.N.B. Corporation was founded in 1864 and is headquartered in Pittsburgh, Pennsylvania.
