Sunday, June 26, 2022

Investing in F.N.B. Corporation (FNB) Is Getting More Attractive

F.N.B. Corporation’s filing revealed that its Director Mencini Frank C acquired Company’s shares for reported $11610.0 on May 17. In the deal valued at $11.61 per share,1,000 shares were bought. As a result of this transaction, Mencini Frank C now holds 78,097 shares worth roughly $ 0.85 million.

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Then, Bena Pamela A bought 800 shares, generating $9,640 in total proceeds. Upon buying the shares at $12.05, the Director now owns 54,679 shares.

Before that, CAMPBELL WILLIAM B bought 2,000 shares. F.N.B. Corporation shares valued at $26,047 were divested by the Director at a price of $13.02 per share. As a result of the transaction, CAMPBELL WILLIAM B now holds 111,750 shares, worth roughly $1.22 million.

Following these proceedings, Jefferies downgraded its F.N.B. Corporation [FNB] rating to a Hold from a a Buy in a research note published on Tuesday, July 19, 2021; the price target was decreased to $12 from $14. PT values the company’s stock at a premium of 9.08 to its Tuesday closing price. A number of analysts have revised their coverage, including Seaport Global Securities’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Stephens also remained covering FNB and has decreased its forecast on November 25, 2020 with a “an Equal-weight” recommendation from previously “an Overweight” rating.

Price Performance Review of FNB

On Tuesday, F.N.B. Corporation [NYSE:FNB] saw its stock jump 1.87% to $10.91. On the same session, the stock had its day’s lowest price of $10.84, but rose to a high of $11.03. Over the last five days, the stock has gained 0.65%. F.N.B. Corporation shares have fallen nearly -10.06% since the year began. Nevertheless, the stocks have fallen -11.52% over the past one year. While a 52-week high of $14.11 was reached on 01/18/22, a 52-week low of $10.48 was recorded on 06/16/22. SMA at 50 days reached $11.73, while 200 days put it at $12.25. A total of 2.18 million shares were traded, compared to the trading of 2.99 million shares in the previous session.

Levels Of Support And Resistance For FNB Stock

The 24-hour chart illustrates a support level at 10.82, which if violated will result in even more drops to 10.74. On the upside, there is a resistance level at 11.01. A further resistance level may holdings at 11.12. The Relative Strength Index (RSI) on the 14-day chart is 38.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.14%. Stochastics %K at 17.15% indicates the stock is a buying.

How much short interest is there in F.N.B. Corporation?

A steep rise in short interest was recorded in F.N.B. Corporation stocks on Apr 28, 2022, growing by 0.48 million shares to a total of 9.38 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 8.9 million shares. There was a rise of 5.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.35% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.46.

F.N.B. Corporation [FNB] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 35,806,029 shares, or roughly 10.19% of the outstanding FNB shares. In other words, the investor’s shares have risen by 2,864,437 from its previous 13-F filing of 32941592.0. Additionally, The Vanguard Group, Inc. increased 5.97% of its stake after which the total value it holdings stand at $421,437,500, while Fuller & Thaler Asset Management, reduced -2.16% of its stake to hold $355.5 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 535,979 shares of F.N.B. Corporation, while Dimensional Fund Advisors LP bought 283,638 shares. At present, Macquarie Investment Management B is holding 11,727,565 shares valued at $142.49 million. American Century Investment Manag owned 10,655,913 shares of the company at the time of its most recent 13F filing, worth $129.47 million.

According to FactSet, F.N.B. Corporation’s share price will average $15.81 in the next year, based on opinions of analysts polled by the firm. This is up nearly 49.39 percent from its previous closing price of $10.71. Analysts expect F.N.B. Corporation stock to reach the higher price of $17.50, while the lowest price estimate is $13.00. However, 8 analysts have rated FNB stock as a Buy in their predictions for 2022.

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