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

F.N.B. Co. (NYSE:FNB - Get Free Report) was the target of 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 Buying and Selling at F.N.B.

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

Institutional Investors Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently modified their holdings of the company. AlphaQuest LLC grew its position in shares of F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock valued at $27,000 after purchasing an additional 1,759 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in F.N.B. in the 3rd quarter worth about $28,000. Brooklyn Investment Group bought a new stake in shares of F.N.B. during the 3rd quarter valued at about $31,000. Richardson Financial Services Inc. grew its holdings in shares of F.N.B. by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank's stock worth $41,000 after purchasing an additional 1,473 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank's stock worth $52,000 after purchasing an additional 1,665 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Stock Performance

FNB stock traded down $0.23 during midday trading on Friday, reaching $15.72. 2,418,189 shares of the company's stock traded hands, compared to its average volume of 2,707,023. F.N.B. has a 52 week low of $12.49 and a 52 week high of $17.70. The company has a 50-day moving average price of $15.44 and a two-hundred day moving average price of $14.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $5.65 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 3.74 and a beta of 1.01.

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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Monday, March 3rd. F.N.B.'s payout ratio is presently 38.10%.

Wall Street Analyst Weigh In

FNB has been the subject of several research analyst reports. Wells Fargo & Company decreased their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Raymond James lifted 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 report on Thursday, November 21st. DA Davidson raised 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 note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price objective on F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, Piper Sandler lowered their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, F.N.B. has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

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.