Look For Institutional Buying In F.N.B. Corp. (NYSE: FNB)

F.N.B. Corp. (FNB) concluded trading on Thursday at a closing price of $12.76, with 4.53 million shares of worth about $57.8 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.12% during that period and on April 18, 2024 the price saw a loss of about -0.31%. Currently the company’s common shares owned by public are about 358.83M shares, out of which, 354.20M shares are available for trading.

Stock saw a price change of -2.82% in past 5 days and over the past one month there was a price change of -4.56%. Year-to-date (YTD), FNB shares are showing a performance of -7.33% which increased to 11.93% 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 $14.19 during that period. The average intraday trading volume for F.N.B. Corp. shares is 2.14 million. The stock is currently trading -5.37% below its 20-day simple moving average (SMA20), while that difference is down -4.94% for SMA50 and it goes to 2.84% higher than SMA200.

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F.N.B. Corp. (NYSE: FNB) currently have 358.83M outstanding shares and institutions hold larger chunk of about 79.72% of that.

The stock has a current market capitalization of $4.58B and its 3Y-monthly beta is at 1.04. PE ratio of stock for trailing 12 months is 10.33, while it has posted earnings per share of $1.24 in the same period. Its PEG reads 1.03 while making debt-to-equity ratio of 0.70. 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 2.20% while standing at 2.11% over the month.

Stock’s fiscal year EPS is expected to drop by -9.25% while it is estimated to increase by 9.50% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 3.24% 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. Coverage by Stephens stated F.N.B. Corp. (FNB) stock as an Overweight in their note to investors on April 04, 2023, suggesting a price target of $15 for the stock. On December 13, 2022, Keefe Bruyette Downgrade their recommendations, while on July 19, 2021, Jefferies Downgrade their ratings for the stock with a price target of $12. Stock get a Buy rating from Seaport Global Securities on May 21, 2021.

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