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 during 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 Transactions at F.N.B.

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.22% of the company’s stock.

Institutional Trading of F.N.B.

Institutional investors have recently made changes to their positions in the stock. CWM LLC raised its holdings in F.N.B. by 0.4% during the third quarter. CWM LLC now owns 379,995 shares of the bank’s stock worth $5,362,000 after purchasing an additional 1,527 shares in the last quarter. Jane Street Group LLC raised its stake in shares of F.N.B. by 780.7% in the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after buying an additional 316,515 shares in the last quarter. Oak Thistle LLC raised its stake in shares of F.N.B. by 117.7% in the 4th quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock worth $1,415,000 after buying an additional 51,763 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of F.N.B. by 6.6% in the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock valued at $405,000 after buying an additional 1,768 shares during the period. Finally, Petiole USA ltd boosted its stake in F.N.B. by 48.1% during the third quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after buying an additional 57,000 shares in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Raymond James increased their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Piper Sandler cut their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, DA Davidson upped their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

F.N.B. Stock Performance

Shares of NYSE:FNB traded up $0.30 on Tuesday, hitting $15.60. The company’s stock had a trading volume of 236,851 shares, compared to its average volume of 2,715,050. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 3.74 and a beta of 1.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. F.N.B. has a 12 month low of $12.49 and a 12 month high of $17.70. The stock’s 50-day moving average is $15.53 and its two-hundred day moving average is $14.95.

F.N.B. Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.08%. F.N.B.’s payout ratio is 38.10%.

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.