Price Action Alert: F.N.B. Corp on Focus After Trading At 52-Week Highs

Price Action Alert: F.N.B. Corp on Focus After Trading At 52 Week Highs

The stock of F.N.B. Corp (NYSE:FNB) hit a new 52-week high and has $16.20 target or 5.00% above today’s $15.43 share price. The 8 months bullish chart indicates low risk for the $3.29B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $16.20 price target is reached, the company will be worth $164.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.36M shares traded hands. F.N.B. Corp (NYSE:FNB) has risen 15.50% since April 28, 2016 and is uptrending. It has outperformed by 9.57% the S&P500.

Analysts await F.N.B. Corp (NYSE:FNB) to report earnings on January, 19. They expect $0.24 earnings per share, up 9.09% or $0.02 from last year’s $0.22 per share. FNB’s profit will be $51.21 million for 16.06 P/E if the $0.24 EPS becomes a reality. After $0.24 actual earnings per share reported by F.N.B. Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

F.N.B. Corp (NYSE:FNB) Ratings Coverage

Out of 4 analysts covering F.N.B. Corporation (NYSE:FNB), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. F.N.B. Corporation has been the topic of 6 analyst reports since July 28, 2015 according to StockzIntelligence Inc. FBR Capital maintained F.N.B. Corp (NYSE:FNB) rating on Friday, October 21. FBR Capital has “Mkt Perform” rating and $14 price target. FBR Capital maintained it with “Mkt Perform” rating and $13 target price in Friday, July 22 report.

According to Zacks Investment Research, “FNB Corporation is a diversified financial services company serving banking, trust, consumer finance and insurance customers through community banking affiliates and other subsidiaries with offices in Florida, Pennsylvania, Ohio and Tennessee.”

Insitutional Activity: The institutional sentiment increased to 1.43 in 2016 Q2. Its up 0.25, from 1.18 in 2016Q1. The ratio increased, as 10 funds sold all F.N.B. Corp shares owned while 77 reduced positions. 24 funds bought stakes while 79 increased positions. They now own 140.51 million shares or 0.94% less from 141.85 million shares in 2016Q1.
The New York-based Metropolitan Life Ins New York has invested 0.03% in F.N.B. Corp (NYSE:FNB). Wells Fargo & Company Mn has invested 0% of its portfolio in F.N.B. Corp (NYSE:FNB). Us Bank & Trust De, a Minnesota-based fund reported 140,505 shares. Moreover, Ubs Asset Mngmt Americas has 0% invested in F.N.B. Corp (NYSE:FNB) for 163,035 shares. Kcg reported 104,354 shares or 0.03% of all its holdings. Blackrock Advsr Limited Liability Corporation has 0% invested in the company for 98,902 shares. Nationwide Fund Advsr accumulated 558,777 shares or 0.03% of the stock. Private Wealth has invested 0.4% of its portfolio in F.N.B. Corp (NYSE:FNB). Ghp Inv owns 14,852 shares or 0.04% of their US portfolio. Churchill Mgmt Corp has invested 0.35% of its portfolio in F.N.B. Corp (NYSE:FNB). Blackrock Institutional Trust Na reported 6.25 million shares or 0.01% of all its holdings. Northern Tru Corporation last reported 5.69 million shares in the company. Mufg Americas Holding Corp has 843 shares for 0% of their US portfolio. Menta Ltd Liability Co holds 26,235 shares or 0.05% of its portfolio. Voya Inv Mgmt Lc accumulated 0% or 83,073 shares.

Insider Transactions: Since July 28, 2016, the stock had 8 buys, and 1 insider sale for $22,168 net activity. 5,000 shares were bought by DELIE VINCENT J JR, worth $59,850 on Friday, July 29. CAMPBELL WILLIAM B also bought $13,175 worth of F.N.B. Corp (NYSE:FNB) shares. Shares for $177,951 were sold by GUERRIERI GARY L on Thursday, August 11. 3,000 shares with value of $37,050 were bought by HORMELL ROBERT A on Monday, August 8. 2,150 shares were bought by STANIK JOHN S, worth $27,447 on Wednesday, November 2. The insider MARTZ D STEPHEN bought $11,969. Mencini Frank C bought $11,965 worth of stock or 1,000 shares.

More news for F.N.B. Corp (NYSE:FNB) were recently published by: Bizjournals.com, which released: “Yadkin Bank discloses new details about other suitors before FNB buy” on December 01, 2016. Prnewswire.com‘s article titled: “Banking Stocks on Investors’ Radar — F.N.B. Corp., Bank of the Ozarks …” and published on November 29, 2016 is yet another important article.

FNB Company Profile

F.N.B. Corporation, incorporated on March 23, 2001, is a financial holding company. The Firm has four business divisions: Community Banking, Wealth Management, Insurance and Consumer Finance. The Firm also operates other non-banking subsidiaries. Through its subsidiaries, the Company provides a range of financial services to consumers, firms, governments and small- to medium-sized businesses in its market areas.

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