F.N.B. Co. (NYSE:FNB) Short Interest Down 5.9% in August

F.N.B. Co. (NYSE:FNB) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 7,360,000 shares, a decrease of 5.9% from the August 15th total of 7,820,000 shares. Based on an average daily volume of 2,360,000 shares, the days-to-cover ratio is presently 3.1 days.

F.N.B. Trading Up 0.4 %

Shares of NYSE FNB opened at $14.20 on Wednesday. The business has a fifty day moving average price of $14.39 and a 200 day moving average price of $13.82. F.N.B. has a 1-year low of $10.24 and a 1-year high of $15.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $5.11 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 9.98 and a beta of 0.97.

F.N.B. (NYSE:FNB) last posted its earnings results on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The firm had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $408.14 million. During the same period in the previous year, the company earned $0.39 EPS. The company’s revenue was down 1.4% on a year-over-year basis. Equities research analysts expect that F.N.B. will post 1.38 EPS for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 3.38%. F.N.B.’s dividend payout ratio (DPR) is 38.71%.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNB. LRI Investments LLC acquired a new stake in F.N.B. in the 1st quarter worth approximately $45,000. GAMMA Investing LLC increased its position in shares of F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after acquiring an additional 1,764 shares during the period. Blue Trust Inc. raised its stake in F.N.B. by 19.7% in the 2nd quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock worth $127,000 after acquiring an additional 1,486 shares during the last quarter. Hart & Patterson Financial Group LLC purchased a new position in F.N.B. in the 4th quarter worth $140,000. Finally, CIBC Asset Management Inc acquired a new stake in F.N.B. during the 2nd quarter worth about $140,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FNB. Stephens reaffirmed an “overweight” rating and set a $16.00 target price on shares of F.N.B. in a research report on Thursday, July 18th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $16.00 price objective on shares of F.N.B. in a report on Wednesday, June 26th. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday. Finally, Piper Sandler raised their target price on shares of F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, F.N.B. has an average rating of “Moderate Buy” and a consensus target price of $15.29.

F.N.B. Company Profile

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.