Short Interest in F.N.B. Co. (NYSE:FNB) Increases By 7.1%

F.N.B. Co. (NYSE:FNB) was the target of a significant growth in short interest in 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 trading volume of 2,390,000 shares, the short-interest ratio is currently 2.8 days.

Analyst Ratings Changes

FNB has been the subject of several research reports. DA Davidson increased their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on 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. Stephens lifted their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Piper Sandler lowered their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, Raymond James lifted 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. Two investment 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 a consensus target price of $18.50.

F.N.B. Stock Performance

Shares of NYSE FNB traded up $0.31 during midday trading on Tuesday, reaching $15.61. 281,795 shares of the company were exchanged, compared to its average volume of 2,717,011. The stock has a market cap of $5.61 billion, a P/E ratio of 12.39, a PEG ratio of 3.74 and a beta of 1.01. F.N.B. has a 1 year low of $12.49 and a 1 year high of $17.70. The stock has a fifty day simple moving average of $15.53 and a 200 day simple moving average of $14.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.08%. F.N.B.’s payout ratio is 38.10%.

Insider Transactions at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FNB. CWM LLC lifted its stake in shares of F.N.B. by 0.4% during the 3rd quarter. CWM LLC now owns 379,995 shares of the bank’s stock worth $5,362,000 after purchasing an additional 1,527 shares during the period. Jane Street Group LLC lifted its position in F.N.B. by 780.7% during the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after buying an additional 316,515 shares during the period. Oak Thistle LLC boosted its stake in F.N.B. by 117.7% in the 4th quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock worth $1,415,000 after buying an additional 51,763 shares during the last quarter. Stifel Financial Corp boosted its stake in F.N.B. by 6.6% in the 3rd quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock worth $405,000 after buying an additional 1,768 shares during the last quarter. Finally, Petiole USA ltd grew its holdings in F.N.B. by 48.1% in the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after buying an additional 57,000 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.