F.N.B. Corporation (NYSE: FNB) stock fell -1.48% on Friday to $11.98 against a previous-day closing price of $12.16. With 2.19 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.96 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $12.23 whereas the lowest price it dropped to was $11.89. The 52-week range on FNB shows that it touched its highest point at $14.11 and its lowest point at $10.48 during that stretch. It currently has a 1-year price target of $15.19. With its current market cap of 4.23 billion, FNB has annualized dividend of $0.48 while the current yield stands at 4.01%. Beta for the stock currently stands at 1.10.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FNB was down-trending over the past week, with a drop of -1.32%, but this was down by -3.54% over a month. Three-month performance surged to 10.82% while six-month performance fell -5.22%. The stock gained 10.41% in the past year, while it has lost -1.24% so far this year. A look at the trailing 12-month EPS for FNB yields 1.09 with Next year EPS estimates of 1.53. For the next quarter, that number is 0.36. This implies an EPS growth rate of 44.90% for this year and 15.46% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.40%.
Float and Shares Shorts:
At present, 351.27 million FNB shares are outstanding with a float of 347.19 million shares on hand for trading. On Aug 30, 2022, short shares totaled 9.73 million, which was 2.78% higher than short shares on Jul 28, 2022. In addition to Mr. Vincent J. Delie Jr. as the firm’s Chairman, Pres & CEO, Mr. Vincent J. Calabrese Jr. serves as its Chief Financial Officer.
Through their ownership of 77.81% of FNB’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.47% of FNB, in contrast to 27.02% held by mutual funds. Shares owned by individuals account for 2.27%. As the largest shareholder in FNB with 10.32% of the stake, BlackRock Fund Advisors holds 36,178,957 shares worth 36,178,957. A second-largest stockholder of FNB, The Vanguard Group, Inc., holds 35,792,495 shares, controlling over 10.21% of the firm’s shares. Fuller & Thaler Asset Management, is the third largest shareholder in FNB, holding 27,085,606 shares or 7.72% stake. With a 4.98% stake in FNB, the Undiscovered Managers Behavioral is the largest stakeholder. A total of 17,472,730 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.02% of FNB stock, is the second-largest Mutual Fund holder. It holds 10,606,973 shares valued at 126.44 million. iShares Core S&P Mid Cap ETF holds 2.82% of the stake in FNB, owning 9,901,558 shares worth 118.03 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. It generated $109.00M net income for the quarter, which came to $372.00M over the last twelve months.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FNB since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FNB analysts setting a high price target of $17.00 and a low target of $12.00, the average target price over the next 12 months is $15.07. Based on these targets, FNB could surge 41.9% to reach the target high and rise by 0.17% to reach the target low. Reaching the average price target will result in a growth of 25.79% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. FNB will report FY 2022 earnings on 01/18/2023. Analysts have provided yearly estimates in a range of $1.38 being high and $1.28 being low. For FNB, this leads to a yearly average estimate of $1.31. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. F.N.B. Corporation surprised analysts by $0.01 when it reported $0.31 EPS against a consensus estimate of $0.30. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.40 and the low estimate is $0.35. The average estimate for the next quarter is thus $0.36.
Summary of Insider Activity:
Insiders traded FNB stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 800 shares were bought while 51,167 shares were sold. The number of buy transactions has increased to 46 while that of sell transactions has risen to 29 over the past year. The total number of shares bought during that period was 903,834 while 396,491 shares were sold.