F.N.B. Co. (NYSE:FNB) Short Interest Up 7.1% in January

F.N.B. Co. (NYSE:FNB) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 6,790,000 shares, a growth of 7.1% from the December 31st total of 6,340,000 shares. Based on an average daily volume of 2,390,000 shares, the short-interest ratio is currently 2.8 days.

Insider Activity

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction that occurred 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 $27,261,778.50. The trade was a 7.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Savant Capital LLC grew its position in F.N.B. by 1.4% during the fourth quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock worth $770,000 after buying an additional 708 shares in the last quarter. Signaturefd LLC grew its holdings in shares of F.N.B. by 16.7% in the third quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock worth $79,000 after purchasing an additional 799 shares during the last quarter. Hancock Whitney Corp raised its stake in shares of F.N.B. by 0.8% during the third quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock valued at $1,721,000 after acquiring an additional 947 shares during the last quarter. Bill Few Associates Inc. grew its position in shares of F.N.B. by 1.1% in the 4th quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank’s stock worth $1,365,000 after buying an additional 1,023 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of F.N.B. by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock worth $653,000 after purchasing an additional 1,040 shares during the period. Institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Up 2.0 %

FNB stock traded up $0.31 during midday trading on Tuesday, reaching $15.61. 281,795 shares of the company’s stock traded hands, compared to its average volume of 2,717,011. F.N.B. has a 52 week low of $12.49 and a 52 week high of $17.70. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 3.74 and a beta of 1.01. The firm’s fifty day moving average price is $15.53 and its 200-day moving average price is $14.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.08%. The ex-dividend date is Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Piper Sandler cut their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Stephens raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Raymond James lifted their price objective on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods increased their target price on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company cut their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

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.