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 firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the sale, the insider owned 298,097 shares in the company, valued at $5,523,737.41. This trade represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

F.N.B. Price Performance

NYSE:FNB opened at $18.62 on Friday. F.N.B. Corporation has a 52 week low of $13.54 and a 52 week high of $19.14. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. The stock 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 0.84. The stock’s 50-day moving average price is $17.60 and its 200-day moving average price is $17.37.

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

F.N.B. Increases Dividend

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

Institutional Investors Weigh In On F.N.B.

Several institutional investors have recently bought and sold shares of FNB. Goldman Sachs Group Inc. boosted its holdings in F.N.B. by 77.4% in 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 during the last quarter. Rhino Investment Partners Inc boosted its holdings in F.N.B. by 47.8% in the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock worth $20,188,000 after buying an additional 390,526 shares during the last quarter. SG Americas Securities LLC boosted its holdings in F.N.B. by 585.2% in the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock worth $5,990,000 after buying an additional 305,961 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in F.N.B. in the 1st quarter worth about $3,381,000. Finally, BNP Paribas Financial Markets boosted its holdings in F.N.B. by 454.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 220,357 shares of the bank’s stock worth $3,550,000 after buying an additional 180,610 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FNB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their target price on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Truist Financial raised their target price on F.N.B. from $19.50 to $20.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, F.N.B. currently has a consensus rating of “Buy” and a consensus price target of $20.20.

F.N.B. Company Profile

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.