Insider Selling: F.N.B. (NYSE:FNB) Insider Sells 40,000 Shares of Stock

F.N.B. Corporation (NYSE:FNB) insider James Dutey sold 40,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $16.75, for a total value of $670,000.00. Following the transaction, the insider directly owned 49,936 shares of the company’s stock, valued at $836,428. This represents a 44.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

F.N.B. Stock Performance

FNB traded up $0.25 during midday trading on Wednesday, reaching $16.87. The company’s stock had a trading volume of 2,841,457 shares, compared to its average volume of 5,463,762. The stock has a market cap of $6.04 billion, a P/E ratio of 12.13, a PEG ratio of 0.87 and a beta of 0.93. The company has a fifty day simple moving average of $15.91 and a 200 day simple moving average of $15.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. F.N.B. Corporation has a twelve month low of $10.88 and a twelve month high of $16.98.

F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, June 20th. The bank reported $0.40 earnings per share (EPS) for the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. The business had revenue of $419.30 million for the quarter. Research analysts expect that F.N.B. Corporation will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.12 per share. The ex-dividend date is Monday, December 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. F.N.B.’s payout ratio is currently 34.53%.

Hedge Funds Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Danske Bank A S bought a new stake in shares of F.N.B. during the third quarter worth $85,000. Triumph Capital Management acquired a new position in F.N.B. during the 3rd quarter worth about $55,000. Fiduciary Trust Co bought a new stake in F.N.B. during the 3rd quarter worth about $457,000. Brooklyn Investment Group increased its position in F.N.B. by 37.4% in the 3rd quarter. Brooklyn Investment Group now owns 41,200 shares of the bank’s stock valued at $664,000 after acquiring an additional 11,222 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of F.N.B. during the third quarter worth approximately $960,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler started coverage on shares of F.N.B. in a report on Wednesday. They issued an “overweight” rating and a $19.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research report on Wednesday, November 26th. DA Davidson lowered F.N.B. from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Truist Financial increased their target price on F.N.B. from $18.00 to $18.50 and gave the stock a “buy” rating in a report on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, F.N.B. presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

About F.N.B.

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.