Gary Guerrieri Sells 19,000 Shares of F.N.B. (NYSE:FNB) Stock

F.N.B. Corporation (NYSE:FNB) insider Gary Guerrieri sold 19,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the transaction, the insider owned 298,097 shares of the company’s stock, valued at $5,523,737.41. The trade was a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

F.N.B. Price Performance

NYSE:FNB traded up $0.33 during mid-day trading on Friday, reaching $18.62. The stock had a trading volume of 3,402,453 shares, compared to its average volume of 6,671,333. F.N.B. Corporation has a one year low of $13.54 and a one year high of $19.14. 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 firm has a 50 day moving average price of $17.57 and a two-hundred day moving average price of $17.37. The stock has a market capitalization of $6.63 billion, a P/E ratio of 11.49, a P/E/G ratio of 0.86 and a beta of 0.84.

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

F.N.B. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.8%. This is a boost from F.N.B.’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, June 1st. F.N.B.’s payout ratio is 32.10%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FNB. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday. Keefe, Bruyette & Woods boosted their target price on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, Truist Financial boosted their target price on F.N.B. from $19.50 to $20.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, F.N.B. currently has an average rating of “Buy” and a consensus target price of $20.20.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently modified their holdings of FNB. Horizon Investments LLC purchased a new stake in shares of F.N.B. during the fourth quarter worth about $2,182,000. Syon Capital LLC bought a new position in F.N.B. during the 3rd quarter valued at approximately $501,000. EverSource Wealth Advisors LLC raised its position in F.N.B. by 61.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock valued at $62,000 after purchasing an additional 1,369 shares during the last quarter. Rothschild Investment LLC raised its position in F.N.B. by 147.4% during the 4th quarter. Rothschild Investment LLC now owns 16,115 shares of the bank’s stock valued at $276,000 after purchasing an additional 9,602 shares during the last quarter. Finally, Gibson Capital LLC raised its position in F.N.B. by 19.7% during the 4th quarter. Gibson Capital LLC now owns 21,776 shares of the bank’s stock valued at $372,000 after purchasing an additional 3,578 shares during the last quarter. 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.