F.N.B. (NYSE:FNB) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

F.N.B. Corporation (NYSE:FNB)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.21 and traded as high as $17.76. F.N.B. shares last traded at $17.62, with a volume of 3,491,085 shares traded.

Wall Street Analysts Forecast Growth

FNB has been the topic of a number of recent research reports. Truist Financial upped their target price on shares of F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods upped their price target on shares of F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $20.20.

F.N.B. Trading Up 0.5%

The company has a market cap of $6.27 billion, a P/E ratio of 10.88, a PEG ratio of 0.83 and a beta of 0.87. The stock’s 50 day moving average is $17.23 and its 200-day moving average is $17.21. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29.

F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Friday, April 17th. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $450.00 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.32 EPS. Research analysts anticipate that F.N.B. Corporation will post 1.73 earnings per share for the current fiscal year.

F.N.B. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.13 dividend. This is a positive change from F.N.B.’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.52 dividend on an annualized basis and a yield of 3.0%. F.N.B.’s payout ratio is presently 32.10%.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds have recently bought and sold shares of FNB. CoreCap Advisors LLC purchased a new position in F.N.B. in the 4th quarter worth about $34,000. Root Financial Partners LLC raised its position 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 buying an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in F.N.B. by 3,723.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after buying an additional 2,420 shares during the last quarter. Triumph Capital Management purchased a new position in F.N.B. in the 3rd quarter worth about $55,000. Finally, Parallel Advisors LLC raised its position in F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after buying 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.