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 crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.14 and traded as high as $17.37. F.N.B. shares last traded at $17.2610, with a volume of 4,547,164 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FNB shares. Keefe, Bruyette & Woods increased their target price on shares of F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Piper Sandler restated an “overweight” rating and set a $21.00 target price (up from $20.00) on shares of F.N.B. in a research report on Thursday, January 22nd. Finally, Truist Financial upped their price target on shares of F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, F.N.B. presently has an average rating of “Buy” and a consensus price target of $20.20.

F.N.B. Stock Performance

The stock’s fifty day moving average price is $17.08 and its two-hundred day moving average price is $17.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market cap of $6.14 billion, a P/E ratio of 10.65, a P/E/G ratio of 0.81 and a beta of 0.87.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Friday, April 17th. The bank reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $450.00 million during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.32 EPS. As a group, equities analysts predict that F.N.B. Corporation will post 1.73 earnings per share for the current year.

F.N.B. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from F.N.B.’s previous quarterly dividend of $0.12. F.N.B.’s payout ratio is currently 29.63%.

Hedge Funds Weigh In On F.N.B.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhino Investment Partners Inc lifted 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 valued at $20,188,000 after purchasing an additional 390,526 shares during the last quarter. Entropy Technologies LP acquired a new position in F.N.B. in the 1st quarter valued at approximately $427,000. Hillsdale Investment Management Inc. acquired a new position in F.N.B. in the 1st quarter valued at approximately $3,381,000. DGS Capital Management LLC acquired a new position in F.N.B. in the 1st quarter valued at approximately $312,000. Finally, Root Financial Partners LLC increased 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 valued at $34,000 after acquiring an additional 820 shares during the period. 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.