Insider Selling: F.N.B. (NYSE:FNB) Insider Sells $352,070.00 in Stock

F.N.B. Corporation (NYSE:FNB) insider Gary Guerrieri sold 19,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the transaction, the insider directly owned 298,097 shares in the company, valued at $5,523,737.41. This trade represents a 5.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

F.N.B. Trading Down 0.1%

Shares of FNB opened at $18.62 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. F.N.B. Corporation has a 12-month low of $13.54 and a 12-month high of $19.14. The firm has a market capitalization of $6.63 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.88 and a beta of 0.85. The stock’s fifty day simple moving average is $17.60 and its 200-day simple moving average is $17.38.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Friday, April 17th. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $450.00 million for the quarter, compared to analyst estimates of $454.06 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. As a group, research analysts predict that F.N.B. Corporation will post 1.73 earnings per share for the current year.

F.N.B. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 currently 32.10%.

Hedge Funds Weigh In On F.N.B.

Several hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in F.N.B. by 4.3% in the fourth quarter. GAMMA Investing LLC now owns 15,745 shares of the bank’s stock valued at $269,000 after buying an additional 649 shares during the period. Parallel Advisors LLC lifted its stake in F.N.B. by 18.9% in the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after buying an additional 720 shares during the period. Quent Capital LLC lifted its stake in F.N.B. by 6.6% in the fourth quarter. Quent Capital LLC now owns 11,823 shares of the bank’s stock valued at $202,000 after buying an additional 734 shares during the period. Root Financial Partners LLC lifted its stake in F.N.B. by 66.8% in the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after buying an additional 820 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in F.N.B. by 61.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock valued at $62,000 after buying an additional 1,369 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Wall Street Analyst Weigh In

FNB has been the topic of several research reports. Truist Financial upped their price target 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods upped their price target 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. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, F.N.B. has an average rating of “Buy” and a consensus target price of $20.20.

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.