Short Interest in F.N.B. Co. (NYSE:FNB) Drops By 9.4%

F.N.B. Co. (NYSE:FNB) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 6,870,000 shares, a drop of 9.4% from the November 15th total of 7,580,000 shares. Based on an average daily volume of 2,280,000 shares, the days-to-cover ratio is presently 3.0 days.

Analyst Upgrades and Downgrades

FNB has been the subject of a number of recent analyst reports. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Wells Fargo & Company boosted their price target on shares of F.N.B. from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Raymond James lifted their price objective on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the sale, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

Several hedge funds and other institutional investors have recently bought and sold shares of FNB. AQR Capital Management LLC grew its position in shares of F.N.B. by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after acquiring an additional 1,964,884 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of F.N.B. in the third quarter valued at approximately $14,190,000. Dimensional Fund Advisors LP boosted its stake in shares of F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after buying an additional 647,335 shares during the period. Jane Street Group LLC raised its stake in F.N.B. by 780.7% in the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after buying an additional 316,515 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of F.N.B. by 1.9% in the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock valued at $214,266,000 after buying an additional 278,825 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Trading Down 2.6 %

Shares of NYSE:FNB traded down $0.42 during trading on Tuesday, reaching $15.41. The company’s stock had a trading volume of 3,303,686 shares, compared to its average volume of 2,223,474. The stock has a market capitalization of $5.54 billion, a PE ratio of 14.13 and a beta of 0.99. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The firm’s 50 day simple moving average is $15.69 and its two-hundred day simple moving average is $14.58. F.N.B. has a 12 month low of $12.49 and a 12 month high of $17.70.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. On average, research analysts predict that F.N.B. will post 1.34 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.’s payout ratio is currently 44.04%.

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.