F.N.B. Co. (NYSE:FNB) Short Interest Update

F.N.B. Co. (NYSE:FNB - Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 6,970,000 shares, a decrease of 7.2% from the September 15th total of 7,510,000 shares. Based on an average daily volume of 2,380,000 shares, the short-interest ratio is presently 2.9 days.

Analysts Set New Price Targets

FNB has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $16.00 target price on shares of F.N.B. in a research note on Wednesday, June 26th. Piper Sandler boosted their price objective 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. Stephens reaffirmed an "overweight" rating and issued a $16.00 target price on shares of F.N.B. in a research report on Thursday, July 18th. Finally, StockNews.com cut shares of F.N.B. from a "hold" rating to a "sell" rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.00.

F.N.B. Stock Up 0.5 %

FNB traded up $0.08 during midday trading on Thursday, reaching $14.86. The company's stock had a trading volume of 4,496,702 shares, compared to its average volume of 2,184,862. F.N.B. has a 1 year low of $10.24 and a 1 year high of $15.65. The stock's 50-day moving average is $14.15 and its 200-day moving average is $13.89. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 10.01 and a beta of 0.96. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

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

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Thursday, September 5th were issued 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 dividend yield of 3.23%. F.N.B.'s payout ratio is presently 38.71%.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds have recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. purchased a new position in F.N.B. in the third quarter worth about $28,000. LRI Investments LLC purchased a new position in F.N.B. in the 1st quarter worth approximately $45,000. GAMMA Investing LLC lifted its position in 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 in the last quarter. UMB Bank n.a. boosted its stake in F.N.B. by 82.3% during the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank's stock valued at $52,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of 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 purchasing an additional 1,486 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

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.