On December 2, 2023, James Dutey, an insider at F.N.B. Corporation, sold 40,000 shares of the company’s stock at an average price of $16.75. The total value of the transaction reached $670,000. Following this sale, Dutey retained 49,936 shares, which are valued at approximately $836,428. This sale represents a significant decrease of 44.48% in his ownership stake.
The transaction was officially recorded in a filing with the Securities and Exchange Commission (SEC), which investors can access via the SEC’s website.
Market Performance and Analyst Ratings
On the day following Dutey’s sale, F.N.B. stock saw an increase of 1.5%, trading at $16.87 with a total of 2,841,457 shares exchanged. This figure is notably below the company’s average trading volume of 5,463,762 shares. Currently, the stock’s 50-day moving average stands at $15.91, while the 200-day moving average is at $15.49.
F.N.B. Corporation is characterized by a debt-to-equity ratio of 0.32 and maintains both a current ratio and a quick ratio of 0.92. Over the last year, the stock has fluctuated between a 52-week low of $10.88 and a 52-week high of $16.98. The company currently boasts a market capitalization of $6.04 billion and has a price-to-earnings ratio of 12.13, alongside a P/E/G ratio of 0.87 and a beta of 0.93.
F.N.B. Corporation recently reported its earnings on June 20, 2023, posting earnings per share (EPS) of $0.40 for the quarter. The company achieved a return on equity of 8.22% with a net margin of 19.23%, generating revenue of $419.30 million. Analysts predict that F.N.B. will post an EPS of $1.45 for the current fiscal year.
Institutional Investor Activity
Recent activity among institutional investors indicates a strong interest in F.N.B. Danske Bank A S acquired a new stake valued at approximately $85,000, while Triumph Capital Management invested around $55,000. Additionally, Fiduciary Trust Co secured a position worth about $457,000 in the third quarter.
Brooklyn Investment Group increased its stake by 37.4%, now holding 41,200 shares valued at $664,000. Lastly, Entropy Technologies LP made a significant investment of $960,000 during the same period. Institutional investors currently own 79.25% of F.N.B. stock.
Research analysts have offered varied outlooks on F.N.B. Truist Financial raised its price target for the stock from $18.00 to $18.50, maintaining a “buy” rating. Conversely, DA Davidson downgraded their rating from “strong-buy” to “hold.” Meanwhile, Piper Sandler initiated coverage with an “overweight” rating and a target price of $19.00. According to data from MarketBeat.com, F.N.B. has an average rating of “Moderate Buy,” with a consensus price target also set at $19.00.
F.N.B. Corporation, a bank and financial holding company, provides a variety of financial products and services primarily to consumers, corporations, governments, and small to medium-sized businesses across the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.
