Following The Money: Institution’s Growing Stake In F.N.B. Corp (NYSE: FNB)

F.N.B. Corp (FNB) concluded trading on Wednesday at a closing price of $16.72, with 7.83 million shares of worth about $130.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.69% during that period and on November 06, 2024 the price saw a gain of about 14.91%. Currently the company’s common shares owned by public are about 358.83M shares, out of which, 354.66M shares are available for trading.

Stock saw a price change of 13.82% in past 5 days and over the past one month there was a price change of 22.40%. Year-to-date (YTD), FNB shares are showing a performance of 21.42% which increased to 45.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.98 but also hit the highest price of $15.65 during that period. The average intraday trading volume for F.N.B. Corp shares is 2.12 million. The stock is currently trading 14.93% above its 20-day simple moving average (SMA20), while that difference is up 17.11% for SMA50 and it goes to 20.80% 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 80.56% of that.

The stock has a current market capitalization of $6.01B and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 15.24, while it has posted earnings per share of $1.10 in the same period. Its PEG reads 4.60 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 3.07% while standing at 2.64% over the month.

Stock’s fiscal year EPS is expected to drop by -14.33% while it is estimated to increase by 5.02% in next year. EPS is likely to grow at an annualized rate of 3.32% 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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