F.N.B. (NYSE:FNB) Hits New 52-Week High – Should You Buy?

Shares of F.N.B. Corporation (NYSE:FNB) hit a new 52-week high during trading on Tuesday . The stock traded as high as $17.93 and last traded at $17.8350, with a volume of 3094788 shares. The stock had previously closed at $17.76.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FNB. DA Davidson downgraded shares of F.N.B. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Truist Financial lifted their price objective on F.N.B. from $18.00 to $18.50 and gave the company a “buy” rating in a research note on Monday, October 20th. Piper Sandler initiated coverage on F.N.B. in a research note on Wednesday, December 3rd. They set an “overweight” rating and a $19.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research report on Monday, December 15th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

F.N.B. Stock Performance

The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.92 and a beta of 0.93. The firm has a 50 day moving average price of $16.27 and a 200-day moving average price of $15.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92.

F.N.B. (NYSE:FNB) last released its 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 return on equity of 8.22% and a net margin of 19.23%. As a group, sell-side 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 company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, December 1st. F.N.B.’s dividend payout ratio is presently 34.53%.

Insider Activity at F.N.B.

In other F.N.B. news, insider James L. Dutey sold 40,000 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total value of $670,000.00. Following the sale, the insider directly owned 49,936 shares of the company’s stock, valued at approximately $836,428. This represents a 44.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gary L. Guerrieri sold 15,000 shares of F.N.B. stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $17.67, for a total transaction of $265,050.00. Following the sale, the insider directly owned 279,883 shares of the company’s stock, valued at approximately $4,945,532.61. This trade represents a 5.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On F.N.B.

Several large investors have recently bought and sold shares of FNB. Parallel Advisors LLC increased its holdings in shares of F.N.B. by 22.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,802 shares of the bank’s stock valued at $55,000 after acquiring an additional 706 shares during the last quarter. GAMMA Investing LLC boosted its holdings in F.N.B. by 5.6% in the third quarter. GAMMA Investing LLC now owns 15,096 shares of the bank’s stock valued at $243,000 after purchasing an additional 807 shares in the last quarter. Quent Capital LLC increased its stake in F.N.B. by 10.2% in the third quarter. Quent Capital LLC now owns 11,089 shares of the bank’s stock valued at $179,000 after purchasing an additional 1,030 shares during the last quarter. Quantbot Technologies LP raised its holdings in F.N.B. by 2.1% during the first quarter. Quantbot Technologies LP now owns 55,509 shares of the bank’s stock worth $747,000 after purchasing an additional 1,121 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of F.N.B. by 82.2% during the 1st quarter. AlphaQuest LLC now owns 3,295 shares of the bank’s stock worth $44,000 after buying an additional 1,487 shares during the last quarter. 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.