F.N.B. Corporation (NYSE:FNB) Short Interest Update

F.N.B. Corporation (NYSE:FNB) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 12,121,107 shares, a decline of 19.1% from the December 15th total of 14,980,411 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average daily volume of 3,876,163 shares, the days-to-cover ratio is presently 3.1 days. Based on an average daily volume of 3,876,163 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

FNB has been the subject of several analyst reports. Truist Financial set a $19.00 price objective on F.N.B. in a research note on Tuesday, January 13th. Piper Sandler assumed coverage on F.N.B. in a report on Wednesday, December 3rd. They set an “overweight” rating and a $19.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research report on Monday, December 29th. Finally, DA Davidson cut F.N.B. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.10.

Insider Activity

In related news, insider James L. Dutey sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were 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 can be accessed through the SEC website. Also, insider Gary L. Guerrieri sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were 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 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 corporate insiders.

Hedge Funds Weigh In On F.N.B.

Hedge funds and other institutional investors have recently modified their holdings of the stock. CoreCap Advisors LLC purchased a new position in F.N.B. during the fourth quarter valued at $34,000. EverSource Wealth Advisors LLC grew its position in shares of F.N.B. by 3,723.1% during the second 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 in the last quarter. Triumph Capital Management bought a new stake in shares of F.N.B. in the third quarter worth about $55,000. Parallel Advisors LLC increased its holdings in shares of F.N.B. by 22.8% in the second quarter. Parallel Advisors LLC now owns 3,802 shares of the bank’s stock worth $55,000 after purchasing an additional 706 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in shares of F.N.B. in the third quarter worth about $85,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Trading Down 0.6%

Shares of FNB stock opened at $17.26 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty day simple moving average of $17.01 and a two-hundred day simple moving average of $16.28. The firm has a market capitalization of $6.18 billion, a PE ratio of 12.42, a PEG ratio of 0.83 and a beta of 0.91. F.N.B. has a 52-week low of $10.88 and a 52-week high of $17.93.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Tuesday, January 20th. The bank reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. F.N.B. had a return on equity of 8.22% and a net margin of 19.23%.The firm had revenue of $457.78 million during the quarter, compared to analyst estimates of $457.87 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. On average, analysts predict that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.12 per share. The ex-dividend date was 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%.

F.N.B. Company Profile

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.