Dimensional Fund Advisors LP has recently announced that it has increased stake in F.N.B. Corp. (NYSE:FNB) by 0.64%. After grabbing 21.16 million shares, the institutional investor is now in possession of 0.13 million shares of the Financial Company. The new investment brought the stake of investor firm to 5.90% having worth around $291.32 million. Moreover, American Century Investment Manag increased its share by 0.69 million to have a control over 12.47 million shares. And Fidelity Management & Research Co raised its holdings to 2.4 million shares by acquiring 6.8 million shares or 1.89% of the stake.
F.N.B. Corp. (FNB) concluded trading on Thursday at a closing price of $13.66, with 2.66 million shares of worth about $36.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.81% during that period and on Thursday, January 25 the price saw a gain of about 1.11%. Currently the company’s common shares owned by public are about 358.83M shares, out of which, 354.25M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 44 times over the past 12 months. They bought 838,494 shares in 28 of the transactions. In 16 selling transactions, insiders dumped 288,148 shares.
Undiscovered Managers Behavioral, Vanguard Total Stock Market ETF, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in F.N.B. Corp. Undiscovered Managers Behavioral is currently holding 19.68 million shares of worth totaling $271.02 million. The company recently came selling -0.39 million shares which brought its stake up to 5.49% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 13612.0 shares, after which its hold over company’s outstanding shares expand to 3.13%, leaving 11.24 million shares with the mutual fund that have a worth of about $154.83 million. iShares Core S&P Mid Cap ETF, after buying 10.9 million shares, have now control over 3.04% of the stake in the company. It holds 9860.0 shares of worth $150.13 million.
Stock saw a price change of 4.67% in past 5 days and over the past one month there was a price change of -0.15%. Year-to-date (YTD), FNB shares are showing a performance of -0.80% which increased to 0.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.09 but also hit the highest price of $14.68 during that period. The average intraday trading volume for F.N.B. Corp. shares is 1.79 million. The stock is currently trading 0.77% above its 20-day simple moving average (SMA20), while that difference is up 5.83% for SMA50 and it goes to 15.84% higher than SMA200.
Dimensional Fund Advisors LP acquired 21.16 million shares of F.N.B. Corp. having value of about $291.32 million. Data submitted at the U.S SEC by Dimensional Fund Advisors LP revealed that the firm now holds 0.13 million shares in the company valued at close to $1830617.58, or have control over 0.64% stake in the company. F.N.B. Corp. (NYSE: FNB) currently have 358.83M outstanding shares and institutions hold larger chunk of about 78.21% of that. Holding of mutual funds in the company is about 25.31% while other institutional holders and individual stake holders have control over 53.08% and 2.39% of the stake respectively.
The stock has a current market capitalization of $4.90B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 10.44, while it has posted earnings per share of $1.31 in the same period. Its PEG reads 1.04 while making debt-to-equity ratio of 0.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FNB, volatility over the week remained 2.07% while standing at 1.92% over the month.
Analysts are in expectations that F.N.B. Corp. (FNB) stock would likely to be making an EPS of $Franco-Nevada Corporation in the current quarter, while forecast for next quarter EPS is $109.25 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Fabrinet which is $FNF Group of Fidelity National at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Floor & Decor Holdings, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -7.95% while it is estimated to increase by 9.46% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 3.32% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on January 11, 2024 offering a Buy rating for the stock and assigned a target price of $15 to it.
