F.N.B. (NYSE:FNB) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

F.N.B. Corporation (NYSE:FNB)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.27 and traded as high as $17.31. F.N.B. shares last traded at $17.0760, with a volume of 6,737,923 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. 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 report on Monday, April 20th. 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 report on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, F.N.B. presently has an average rating of “Buy” and a consensus price target of $20.20.

F.N.B. Trading Down 1.7%

The firm has a fifty day moving average of $17.39 and a two-hundred day moving average of $17.27. The company has a market cap of $6.08 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.82 and a beta of 0.84. 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 released its quarterly earnings data on Friday, April 17th. The bank reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. F.N.B. had a net margin of 21.64% and a return on equity of 8.94%. The business had revenue of $450.00 million during the quarter, compared to analyst estimates of $454.06 million. During the same period in the previous year, the business earned $0.32 EPS. As a group, sell-side analysts predict that F.N.B. Corporation will post 1.73 EPS for the current year.

F.N.B. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.0%. This is a boost from F.N.B.’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, June 1st. F.N.B.’s dividend payout ratio (DPR) is presently 32.10%.

Institutional Trading of F.N.B.

A number of hedge funds and other institutional investors have recently bought and sold shares of FNB. Goldman Sachs Group Inc. boosted its holdings in F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after purchasing an additional 660,387 shares during the period. Rhino Investment Partners Inc grew its stake in F.N.B. by 47.8% in the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock worth $20,188,000 after buying an additional 390,526 shares in the last quarter. SG Americas Securities LLC grew its stake in F.N.B. by 585.2% in the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock worth $5,990,000 after buying an additional 305,961 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in F.N.B. in the 1st quarter worth approximately $3,381,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of F.N.B. by 454.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 220,357 shares of the bank’s stock worth $3,550,000 after acquiring an additional 180,610 shares during the last quarter. Institutional investors own 79.25% of the company’s stock.

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.