F.N.B. Corporation [NYSE: FNB] stock went on an upward path that rose over 3.26% on Tuesday, amounting to a one-week price increase of more than 5.16%. The company report on January 31, 2023 that F.N.B. Corporation Further Expands Access to Credit in Diverse Communities.
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New Special Purpose Credit Program Promotes Homeownership and Economic Equality Throughout Multi-State Footprint.
F.N.B. Corporation (NYSE: FNB) announced it is further expanding access to credit in communities of color with a new Special Purpose Credit Program (SPCP). The program aims to promote homeownership and economic equality and is available to consumers in majority-minority neighborhoods throughout the FNB footprint. FNB initially will provide up to $3 million in closing cost assistance annually through the SPCP and its proprietary affordable mortgage programs.
Over the last 12 months, FNB stock rose by 10.53%. The one-year F.N.B. Corporation stock forecast points to a potential upside of 8.64. The average equity rating for FNB stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.11 billion, with 350.91 million shares outstanding and 347.26 million shares in the current float. Compared to the average trading volume of 2.45M shares, FNB stock reached a trading volume of 5465287 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on F.N.B. Corporation [FNB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FNB shares is $15.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FNB stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Keefe Bruyette have made an estimate for F.N.B. Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on December 13, 2022. While these analysts kept the previous recommendation, Jefferies dropped their target price from $14 to $12. The new note on the price target was released on July 19, 2021, representing the official price target for F.N.B. Corporation stock.
The Average True Range (ATR) for F.N.B. Corporation is set at 0.31, with the Price to Sales ratio for FNB stock in the period of the last 12 months amounting to 3.97. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 6.36. Price to Free Cash Flow for FNB in the course of the last twelve months was 7.49.
FNB Stock Performance Analysis:
F.N.B. Corporation [FNB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.16. With this latest performance, FNB shares gained by 9.18% in over the last four-week period, additionally plugging by 19.51% over the last 6 months – not to mention a rise of 10.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FNB stock in for the last two-week period is set at 71.00, with the RSI for the last a single of trading hit 78.35, and the three-weeks RSI is set at 65.56 for F.N.B. Corporation [FNB]. The present Moving Average for the last 50 days of trading for this stock 13.29, while it was recorded at 13.80 for the last single week of trading, and 12.42 for the last 200 days.
Insight into F.N.B. Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and F.N.B. Corporation [FNB] shares currently have an operating margin of +37.18. F.N.B. Corporation’s Net Margin is presently recorded at +27.30.
Return on Equity for this stock inclined to 8.13, with Return on Assets sitting at 1.05.
FNB Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FNB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for F.N.B. Corporation go to 10.00%.
F.N.B. Corporation [FNB] Insider Position Details
There are presently around $3,886 million, or 78.80% of FNB stock, in the hands of institutional investors. The top three institutional holders of FNB stocks are: BLACKROCK INC. with ownership of 41,084,424, which is approximately 2.041% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 36,982,929 shares of the stock with an approximate value of $527.75 million in FNB stocks shares; and FULLER & THALER ASSET MANAGEMENT, INC., currently with $391.81 million in FNB stock with ownership of nearly 1.371% of the company’s market capitalization.
Positions in F.N.B. Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 187 institutional holders increased their position in F.N.B. Corporation [NYSE:FNB] by around 13,803,436 shares. Additionally, 137 investors decreased positions by around 8,974,059 shares, while 98 investors held positions by with 249,521,518 shares. The mentioned changes placed institutional holdings at 272,299,013 shares, according to the latest SEC report filing. FNB stock had 39 new institutional investments in for a total of 1,749,658 shares, while 31 institutional investors sold positions of 1,898,065 shares during the same period.