This trade activity should not be overlooked: F.N.B. Corporation (FNB)

F.N.B. Corporation (NYSE: FNB) stock jumped 0.62% on Thursday to $11.29 against a previous-day closing price of $11.22. With 1.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.98 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $11.41 whereas the lowest price it dropped to was $11.24. The 52-week range on FNB shows that it touched its highest point at $14.71 and its lowest point at $10.09 during that stretch. It currently has a 1-year price target of $14.56. With its current market cap of 4.02 billion, FNB has annualized dividend of $0.48 while the current yield stands at 4.25%. Beta for the stock currently stands at 1.11.

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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 up-trending over the past week, with a rise of 1.99%, but this was down by -4.24% over a month. Three-month performance dropped to -4.56% while six-month performance fell -6.31%. The stock lost -4.40% in the past year, while it has lost -13.49% so far this year. A look at the trailing 12-month EPS for FNB yields 1.55 with Next year EPS estimates of 1.47. For the next quarter, that number is 0.35. This implies an EPS growth rate of -0.80% for this year and -2.00% 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 8.60%.

Float and Shares Shorts:

At present, 360.12 million FNB shares are outstanding with a float of 355.19 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.14 million, which was 2.27% higher than short shares on Jul 30, 2023. 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.

Institutional Ownership:

Through their ownership of 79.57% of FNB’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.39% of FNB, in contrast to 25.83% held by mutual funds. Shares owned by individuals account for 2.38%. As the largest shareholder in FNB with 10.78% of the stake, BlackRock Fund Advisors holds 38,928,885 shares worth 38,928,885. A second-largest stockholder of FNB, The Vanguard Group, Inc., holds 38,777,074 shares, controlling over 10.74% of the firm’s shares. Fuller & Thaler Asset Management, is the third largest shareholder in FNB, holding 29,483,412 shares or 8.17% stake. With a 5.62% stake in FNB, the Undiscovered Managers Behavioral is the largest stakeholder. A total of 20,302,623 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.21% of FNB stock, is the second-largest Mutual Fund holder. It holds 11,582,738 shares valued at 148.14 million. Vanguard Total Stock Market ETF holds 3.09% of the stake in FNB, owning 11,169,430 shares worth 142.86 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FNB since 0 analysts follow the stock currently. 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 $14.50. Based on these targets, FNB could surge 50.58% to reach the target high and rise by 6.29% to reach the target low. Reaching the average price target will result in a growth of 28.43% 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.

Summary of Insider Activity:

Insiders traded FNB stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 838,994 while 391,905 shares were sold.

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