The stock of F.N.B. Corp (NYSE:FNB) hit a new 52-week high and has $24.06 target or 63.00% above today’s $14.76 share price. The 6 months bullish chart indicates low risk for the $3.16 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $24.06 price target is reached, the company will be worth $1.99 billion 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 540,566 shares traded hands. F.N.B. Corp (NYSE:FNB) has risen 11.22% since April 19, 2016 and is uptrending. It has outperformed by 7.36% the S&P500.
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 it with “Mkt Perform” rating and $13 target price in Friday, July 22 report. FBR Capital maintained F.N.B. Corp (NYSE:FNB) rating on Friday, October 21. FBR Capital has “Mkt Perform” rating and $14 price target.
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 is positive, 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.
Fmr Lc last reported 3.87 million shares in the company. Menta Limited Liability last reported 26,235 shares in the company. Advisory Svcs Ntwk Limited Liability Com owns 253 shares or 0% of their US portfolio. Vanguard Grp has 0.01% invested in the company for 15.42 million shares. Oakbrook Invs Limited Liability Com last reported 0.01% of its portfolio in the stock. Parametrica Mgmt Limited accumulated 18,884 shares or 0.35% of the stock. Logan Capital Mgmt Inc holds 0.08% or 75,000 shares in its portfolio. West Oak Capital Limited Liability Corporation reported 2,702 shares or 0% of all its holdings. The New York-based D E Shaw And has invested 0% in F.N.B. Corp (NYSE:FNB). Ladenburg Thalmann Fincl last reported 0% of its portfolio in the stock. Calvert Invest Inc holds 0.19% or 294,136 shares in its portfolio. Profund Advisors Lc has 0.03% invested in the company for 48,609 shares. Utd Ser Automobile Association has 31,000 shares for 0% of their US portfolio. Denver Limited accumulated 0.68% or 1.20 million shares. Cipher Cap Limited Partnership holds 0.2% of its portfolio in F.N.B. Corp (NYSE:FNB) for 223,106 shares.
Insider Transactions: Since July 28, 2016, the stock had 8 insider buys, and 1 sale for $22,168 net activity. MARTZ D STEPHEN also bought $11,969 worth of F.N.B. Corp (NYSE:FNB) shares. The insider GUERRIERI GARY L sold 14,442 shares worth $177,951. HORMELL ROBERT A bought $37,050 worth of stock or 3,000 shares. Shares for $13,175 were bought by CAMPBELL WILLIAM B on Friday, July 29. Another trade for 5,000 shares valued at $59,850 was made by DELIE VINCENT J JR on Friday, July 29. The insider Mencini Frank C bought $11,965. Another trade for 2,150 shares valued at $27,447 was made by STANIK JOHN S on Wednesday, November 2.
More recent F.N.B. Corp (NYSE:FNB) news were published by: Prnewswire.com which released: “F.N.B. Corporation Names Scott Custer to Board of Directors” on November 01, 2016. Also Prnewswire.com published the news titled: “F.N.B. Corporation Expands Operations and Technology Functions to Support Growth” on October 24, 2016. Nasdaq.com‘s news article titled: “FNB Corp’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock …” with publication date: October 25, 2016 was also an interesting one.
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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