F.N.B. (NYSE:FNB) Sets New 1-Year Low – Should You Sell?

F.N.B. Co. (NYSE:FNB) shares 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 traded. The stock had previously closed at $13.65.

Analyst Upgrades and Downgrades

FNB has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of 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. Piper Sandler lowered their price target 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. Keefe, Bruyette & Woods upped 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. Finally, DA Davidson lifted their price objective on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Two 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, F.N.B. currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Price Performance

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The business’s 50-day simple moving average is $14.57 and its 200-day simple moving average is $14.95. The stock has a market cap of $4.36 billion, a PE ratio of 9.63, a PEG ratio of 3.60 and a beta of 0.86.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Monday, March 3rd. F.N.B.’s payout ratio is 38.10%.

Insider Transactions at F.N.B.

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the transaction, the director now owns 65,344 shares in the company, valued at approximately $1,013,485.44. This represents a 18.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William B. Campbell bought 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average price of $15.57 per share, with a total value of $46,710.00. Following the purchase, the director now owns 158,834 shares in the company, 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. Corporate insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in F.N.B. by 780.7% in the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after purchasing an additional 316,515 shares during the period. Oak Thistle LLC increased its position in F.N.B. by 117.7% during the 4th quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock valued at $1,415,000 after buying an additional 51,763 shares in the last quarter. Stifel Financial Corp raised its stake in F.N.B. by 6.6% during 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in F.N.B. by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock worth $58,239,000 after acquiring an additional 51,862 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in F.N.B. by 40.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank’s stock worth $84,000 after purchasing an additional 1,631 shares in the last quarter. Hedge funds and other 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.