James Dutey Sells 40,000 Shares of F.N.B. (NYSE:FNB) Stock

F.N.B. Corporation (NYSE:FNB) insider James Dutey sold 40,000 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $16.75, for a total transaction of $670,000.00. Following the completion of the sale, the insider directly owned 49,936 shares in the company, valued at approximately $836,428. The trade was a 44.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

F.N.B. Stock Performance

F.N.B. stock opened at $16.94 on Friday. F.N.B. Corporation has a 1-year low of $10.88 and a 1-year high of $17.05. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $6.07 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 0.88 and a beta of 0.93. The firm’s 50 day simple moving average is $15.94 and its 200 day simple moving average is $15.51.

F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Thursday, June 20th. The bank reported $0.40 EPS for the quarter. The firm had revenue of $419.30 million during the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. As a group, analysts expect that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.48 annualized dividend and a dividend yield of 2.8%. F.N.B.’s dividend payout ratio (DPR) is presently 34.53%.

Analysts Set New Price Targets

Several research analysts have recently commented on FNB shares. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a report on Tuesday. Piper Sandler assumed coverage on shares of F.N.B. in a research report on Wednesday. They set an “overweight” rating and a $19.00 target price for the company. DA Davidson lowered shares of F.N.B. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Truist Financial lifted their price objective on shares of F.N.B. from $18.00 to $18.50 and gave the stock a “buy” rating in a report on Monday, October 20th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, F.N.B. currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors have recently made changes to their positions in the business. Danske Bank A S bought a new position in shares of F.N.B. during the 3rd quarter valued at $85,000. Triumph Capital Management bought a new position in shares of F.N.B. during the third quarter valued at about $55,000. Fiduciary Trust Co purchased a new position in shares of F.N.B. in the third quarter worth about $457,000. Brooklyn Investment Group increased its holdings in shares of F.N.B. by 37.4% in the third quarter. Brooklyn Investment Group now owns 41,200 shares of the bank’s stock worth $664,000 after buying an additional 11,222 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of F.N.B. in the 3rd quarter valued at about $960,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.