F.N.B. (NYSE:FNB) Hits New 12-Month Low - Should You Sell?

F.N.B. Co. (NYSE:FNB - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $12.31 and last traded at $12.35, with a volume of 668721 shares trading hands. The stock had previously closed at $13.65.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FNB. DA Davidson increased their target price on shares of F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Finally, Piper Sandler cut their target price on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.50.

F.N.B. Stock Down 0.9 %

The company has a market cap of $4.14 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 3.60 and a beta of 0.86. The business's 50 day simple moving average is $14.17 and its 200-day simple moving average is $14.86. 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. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a $0.12 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 4.16%. F.N.B.'s payout ratio is 38.10%.

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Insider Buying and Selling at F.N.B.

In other news, Director David L. Motley sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the transaction, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William B. Campbell purchased 3,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the purchase, the director now directly owns 158,834 shares of the company's stock, valued at $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.03% of the company's stock.

Institutional Investors Weigh In On F.N.B.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in F.N.B. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 39,416,478 shares of the bank's stock worth $582,576,000 after buying an additional 305,826 shares during the period. PL Capital Advisors LLC purchased a new position in shares of F.N.B. in the 4th quarter worth approximately $308,616,000. State Street Corp boosted its stake in F.N.B. by 1.9% in the third quarter. State Street Corp now owns 15,185,397 shares of the bank's stock valued at $214,266,000 after acquiring an additional 278,825 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of F.N.B. by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank's stock worth $88,133,000 after acquiring an additional 21,325 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock valued at $77,349,000 after acquiring an additional 2,273,736 shares during the period. 79.25% of the stock is currently owned by institutional investors.

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.