Gary Guerrieri Sells 19,000 Shares of F.N.B. (NYSE:FNB) Stock

F.N.B. Corporation (NYSE:FNB) insider Gary Guerrieri sold 19,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $18.53, for a total transaction of $352,070.00. Following the completion of the transaction, the insider owned 298,097 shares of the company’s stock, valued at $5,523,737.41. This trade represents a 5.99% 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. Trading Up 1.8%

Shares of FNB traded up $0.33 during trading hours on Friday, reaching $18.62. 3,402,453 shares of the company traded hands, compared to its average volume of 6,671,333. F.N.B. Corporation has a 12 month low of $13.54 and a 12 month high of $19.14. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average price is $17.57 and its two-hundred day moving average price is $17.37. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 0.86 and a beta of 0.84.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $450.00 million during 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 last year, the business posted $0.32 earnings per share. Equities research analysts predict that F.N.B. Corporation will post 1.73 earnings per share for the current fiscal year.

F.N.B. Increases Dividend

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

Analyst Ratings Changes

FNB has been the subject of a number of research analyst reports. Truist Financial raised their target price on F.N.B. from $19.50 to $20.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday. Finally, Keefe, Bruyette & Woods raised their target price on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, F.N.B. currently has an average rating of “Buy” and an average price target of $20.20.

Institutional Trading of F.N.B.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new stake in shares of F.N.B. in the 4th quarter worth approximately $34,000. Root Financial Partners LLC boosted its stake in F.N.B. by 66.8% in the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock worth $34,000 after purchasing an additional 820 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 last quarter. Triumph Capital Management purchased a new stake in F.N.B. during the 3rd quarter valued at about $55,000. Finally, Parallel Advisors LLC grew 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 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.