Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. F.N.B. Corporation shares valued at $9,432 were purchased by Bena Pamela A on Jul 27. At $11.79 per share, Bena Pamela A acquired 800 shares. The insider’s holdings grew to 62,796 shares worth approximately $0.74 million following the completion of this transaction.
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Also, Mencini Frank C purchased 1,000 shares, netting a total of over 11,610 in proceeds. Following the buying of shares at $11.61 each, the insider now holds 78,097 shares.
Before that, Bena Pamela A had added 800 shares to its account. In a trade valued at $9,640, the Director bought F.N.B. Corporation shares for $12.05 each. Upon closing the transaction, the insider’s holdings increased to 800 shares, worth approximately $0.65 million.
As published in a research note from Jefferies on July 19, 2021, F.N.B. Corporation [FNB] has been rated down from a Buy to a Hold and the price target has been revised to $12 from $14. This represents a 1.42% premium over Thursday’s closing price. Analysts at Seaport Global Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of November 25, 2020, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for FNB.
Analyzing FNB’s Price Performance
On Thursday, F.N.B. Corporation [NYSE: FNB] plunged -0.67% to $11.83. The stock’s lowest price that day was $11.77, but it reached a high of $11.89 in the same session. During the last five days, there has been a surge of approximately 0.17%. Over the course of the year, F.N.B. Corporation shares have dropped approximately -2.47%. Shares of the company reached a 52-week high of $14.11 on 01/18/22 and a 52-week low of $10.48 on 06/16/22. A 50-day SMA is recorded $11.40, while a 200-day SMA reached $12.23. Nevertheless, trading volume fell to 1.16 million shares from 2.06 million shares the previous day.
Support And Resistance Levels for F.N.B. Corporation (FNB)
According to the 24-hour chart, there is a support level at 11.77, which, if violated, would cause prices to drop to 11.71. In the upper region, resistance lies at 11.89. The next price resistance is at 11.95. RSI (Relative Strength Index) is 59.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 18.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is F.N.B. Corporation subject to short interest?
Stocks of F.N.B. Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.43 million shares to 9.66 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 10.09 million shares. A decline of -4.45% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.06 of the overall float, the days-to-cover ratio (short ratio) decline to 4.06.
Which companies own the most shares of F.N.B. Corporation (FNB)?
According to BlackRock Fund Advisors filings, the company currently owns 35,806,029 shares, which is about 10.19% of the total FNB shares outstanding. The investor’s shares have appreciated by 2,864,437 from its previous 13-F filing of 32941592.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $376,692,284. Fuller & Thaler Asset Management, reduced a -2.16% interest valued at $317.75 million while SSgA Funds Management, Inc. purchased a 535,979 stake. A total of 283,638 shares of F.N.B. Corporation were bought by Dimensional Fund Advisors LP during the quarter, and -22,260 were sold by Macquarie Investment Management B. In its current portfolio, American Century Investment Manag holds 10,655,913 shares valued at $115.72 million.
In terms of F.N.B. Corporation share price expectations, FactSet research, analysts set an average price target of $14.93 in the next 12 months, up nearly 30.14% from the previous closing price of $11.91. Analysts anticipate F.N.B. Corporation stock to reach $17.00 by 2022, with the lowest price target being $12.00. In spite of this, 7 analysts ranked F.N.B. Corporation stock as a Buy at the end of 2022.