F.N.B. Co. (NYSE:FNB) Short Interest Up 19.7% in January

F.N.B. Co. (NYSE:FNB) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 8,940,000 shares, an increase of 19.7% from the January 15th total of 7,470,000 shares. Based on an average trading volume of 2,530,000 shares, the short-interest ratio is presently 3.5 days.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. DA Davidson raised their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods lifted their price target on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler reduced their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.50.

Insider Activity at F.N.B.

In other news, Director William B. Campbell acquired 3,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $15.57 per share, with a total value 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. The trade was a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. AlphaQuest LLC raised its stake 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 worth $27,000 after purchasing an additional 1,759 shares in the last quarter. Brooklyn Investment Group acquired a new position in F.N.B. during the third quarter worth $31,000. Headlands Technologies LLC bought a new stake in F.N.B. during the fourth quarter worth $39,000. Richardson Financial Services Inc. lifted its stake in F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,473 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after acquiring an additional 2,014 shares during the period. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Trading Up 0.0 %

Shares of NYSE:FNB opened at $15.43 on Monday. The company’s 50-day moving average price is $15.29 and its two-hundred day moving average price is $14.98. F.N.B. has a one year low of $12.49 and a one year high of $17.70. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $5.55 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 3.80 and a beta of 1.01.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.11%. F.N.B.’s payout ratio is presently 38.10%.

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.