F.N.B. Co. (NYSE:FNB) Short Interest Up 19.7% in January

F.N.B. Co. (NYSE:FNB - Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 8,940,000 shares, an increase of 19.7% from the January 15th total of 7,470,000 shares. Based on an average trading volume of 2,530,000 shares, the short-interest ratio is presently 3.5 days.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FNB. Raymond James raised their target price on F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Piper Sandler 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 report on Thursday, January 23rd. DA Davidson upped their price target on F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating in a research 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 on the stock in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

Insider Buying and Selling

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the transaction, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William B. Campbell acquired 3,000 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the acquisition, the director now owns 158,834 shares of the company's stock, valued at $2,473,045.38. This trade represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. 1.22% of the stock is owned by corporate insiders.

Institutional Trading of F.N.B.

A number of institutional investors and hedge funds have recently bought and sold shares of FNB. GTS Securities LLC acquired a new position in shares of F.N.B. in the fourth quarter valued at approximately $237,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of F.N.B. by 12.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 990,569 shares of the bank's stock worth $14,641,000 after acquiring an additional 107,564 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of F.N.B. during the fourth quarter worth $1,207,000. Squarepoint Ops LLC raised its stake in shares of F.N.B. by 411.4% in the fourth quarter. Squarepoint Ops LLC now owns 495,373 shares of the bank's stock valued at $7,322,000 after acquiring an additional 398,501 shares in the last quarter. Finally, Twinbeech Capital LP purchased a new position in F.N.B. in the fourth quarter valued at $164,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Trading Down 0.4 %

FNB stock traded down $0.07 during mid-day trading on Wednesday, hitting $15.53. 1,768,774 shares of the company were exchanged, compared to its average volume of 2,508,658. The business has a fifty day simple moving average of $15.25 and a 200-day simple moving average of $15.00. 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. has a 12-month low of $12.49 and a 12-month high of $17.70. The firm has a market capitalization of $5.58 billion, a P/E ratio of 12.32, a PEG ratio of 3.68 and a beta of 1.01.

F.N.B. Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is 38.10%.

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.