F.N.B. (NYSE:FNB) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of F.N.B. Corporation (NYSE:FNB) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.37 and traded as high as $18.35. F.N.B. shares last traded at $18.2930, with a volume of 3,587,691 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Truist Financial lifted their target price on F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $20.20.

F.N.B. Stock Up 1.0%

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 has a market cap of $6.51 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 0.86 and a beta of 0.84. The company has a fifty day moving average of $17.57 and a 200 day moving average of $17.37.

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. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.The company had revenue of $450.00 million during the quarter, compared to analyst estimates of $454.06 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. On average, 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 business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.8%. 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%.

Hedge Funds Weigh In On F.N.B.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rhino Investment Partners Inc lifted its position in F.N.B. by 47.8% during the first quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock valued at $20,188,000 after purchasing an additional 390,526 shares in the last quarter. Entropy Technologies LP purchased a new position in F.N.B. during the first quarter valued at $427,000. Hillsdale Investment Management Inc. purchased a new position in F.N.B. during the first quarter valued at $3,381,000. DGS Capital Management LLC purchased a new position in F.N.B. during the first quarter valued at $312,000. Finally, Root Financial Partners LLC lifted its position in F.N.B. by 66.8% during the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after purchasing an additional 820 shares in the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

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.