F.N.B. Corp. Director William J. Strimbu Purchases 11,900 Shares (FNB)
F.N.B. Corp. (NYSE:FNB) Director William J. Strimbu purchased 11,900 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of $11.91 per share, for a total transaction of $141,729.00. Following the acquisition, the director now directly owns 85,431 shares in the company, valued at approximately $1,017,483. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on FNB. Analysts at Guggenheim raised their price target on shares of F.N.B. Corp. from $13.00 to $14.00 in a research note to investors on Tuesday, January 14th. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of F.N.B. Corp. in a research note to investors on Monday, January 13th. They set a “buy” rating and a $14.50 price target on the stock. Finally, analysts at BMO Capital Markets upgraded shares of F.N.B. Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, January 7th. They now have a $15.00 price target on the stock, up previously from $14.00. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. F.N.B. Corp. presently has an average rating of “Buy” and a consensus target price of $14.04.
F.N.B. Corp. (NYSE:FNB) traded down 2.15% on Friday, hitting $11.84. 778,433 shares of the company’s stock traded hands. F.N.B. Corp. has a 1-year low of $11.01 and a 1-year high of $13.35. The stock’s 50-day moving average is $12.52 and its 200-day moving average is $12.4. The company has a market cap of $1.871 billion and a P/E ratio of 15.12.
F.N.B. Corp. (NYSE:FNB) last released its earnings data on Tuesday, January 21st. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.21. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, analysts predict that F.N.B. Corp. will post $0.82 earnings per share for the current fiscal year.
The company also recently declared a dividend, which is scheduled for Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a dividend of 20.94 per share. The ex-dividend date of this dividend is Wednesday, January 29th.
F.N.B. Corporation is a financial holding company and a bank holding company. The Company has four business segments: Community Banking, Wealth Management, Insurance and Consumer Finance.
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