F.N.B. (NYSE:FNB) Hits New 12-Month High – Should You Buy?

Shares of F.N.B. Corporation (NYSE:FNB) reached a new 52-week high on Thursday . The stock traded as high as $19.32 and last traded at $19.2980, with a volume of 449039 shares trading hands. The stock had previously closed at $18.98.

Analysts Set New Price Targets

Several research firms have recently commented on FNB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a report on Tuesday, June 9th. Truist Financial raised their target price 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. Finally, Keefe, Bruyette & Woods lifted 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. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $20.20.

F.N.B. Stock Performance

The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.89 and a beta of 0.84. The stock’s fifty day moving average is $17.77 and its two-hundred day moving average is $17.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92.

F.N.B. (NYSE:FNB) last posted its earnings results on Friday, April 17th. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. F.N.B. had a net margin of 21.64% and a return on equity of 8.94%. The firm had revenue of $450.00 million during the quarter, compared to analyst estimates of $454.06 million. During the same period in the previous year, the business posted $0.32 EPS. On average, analysts expect that F.N.B. Corporation will post 1.73 earnings per share for the current fiscal year.

F.N.B. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.13 per share. This is a boost from F.N.B.’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, June 1st. F.N.B.’s payout ratio is presently 32.10%.

Insider Transactions at F.N.B.

In related news, insider Gary L. Guerrieri sold 19,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $18.53, for a total value of $352,070.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FNB. Royal Bank of Canada lifted its holdings in F.N.B. by 11.6% in the first quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock worth $3,692,000 after purchasing an additional 28,570 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of F.N.B. by 23.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank’s stock worth $2,058,000 after buying an additional 29,248 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of F.N.B. by 77.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock worth $20,353,000 after buying an additional 660,387 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of F.N.B. by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock worth $14,112,000 after acquiring an additional 58,672 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of F.N.B. by 3,723.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after acquiring an additional 2,420 shares during the period. 79.25% of the stock is owned by institutional investors and hedge funds.

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.