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F.N.B. Corporation’s Stock Price Plummeted Recently, But There Might Be Trouble Ahead

F.N.B. Corporation (NYSE:FNB) traded at $13.57 at last check on Tuesday, January 24, made an upward move of 3.51% on its previous day’s price.

Looking at the stock we see that its previous close was $13.11 and the beta (5Y monthly) reads 1.05 with the day’s price range being $12.90 – $13.27. The company has a trailing 12-month PE ratio of 11.55. In terms of its 52-week price range, FNB has a high of $14.71 and a low of $10.48. The company’s stock has gained about 3.07% over that past 30 days.

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F.N.B. Corporation has a market cap of $4.52 billion and is expected to release its quarterly earnings report on Apr 17, 2023 – Apr 21, 2023. With its Forward Dividend at 0.48 and a yield of 3.66%, the company’s investors could be anxious for the FNB stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.41, with the EPS growth for the year raised at $1.36 for 2022 and $1.59 for next year. These figures represent 10.60% and 16.90% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $399.15 million, with a low of $389 million and a high of $408.81 million. The median projection represents growth squeezing down to 32.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.43 billion, or 15.90% up from figures reported last year.

There have been 4 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the FNB stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note that the PEG ratio for the FNB stock currently stands at 1.16, and the most recent price level today is 3.82% off its SMA20 and 1.95% from its 50-day simple moving average. The RSI (14) is pointing at 59.93 while the volatility over the past week is 2.43% and jumps to 1.81% over the past one month. The beta value is 1.10, while the average true range (ATR) is currently pointing at 0.27. The average price target for the stock over the next 12 months is $15.56, with the estimates having a low of $13.00 and a high of $17.00. These price ends are 4.2% and -25.28% off the today’s price level respectively, although investors could be excited at the prospect of a -17.91% if the FNB share price touches on the median price of $16.00.

Let’s briefly compare F.N.B. Corporation (FNB) stock to its peers. We find that today’s price change of 3.51% and -0.91% over the past 12 months for FNB competes that of Regions Financial Corporation (RF), which has seen its stock price fall -0.35% in the latest trading session and is 2.41% over the last one year. Another of its peers S&T Bancorp Inc. (STBA) has dropped -0.26% today, and was 0.94% up over the past year, while Fulton Financial Corporation (FULT) is also up 0.25% yet, while its price remains in the red at -11.14% over the same period. F.N.B. Corporation has a P/E ratio of 11.55 compared to Regions Financial Corporation’s 11.43 and S&T Bancorp Inc.’s 10.76. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.

Coming back to F.N.B. Corporation (NYSE:FNB), we note that the average 3-month trading volume was 2.52 million, while that of the preceding 10-day period stands at 2.01 million. Current shares outstanding are 350.91 million.

The insiders hold 0.10% of the company’s shares while institutions hold 78.80%. The data shows that short shares as of Oct 13, 2022, stood at 10.51 million at a short ratio of 4.77. This represents a 3.00% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 10.2 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 0.46% up in year-to-date price movement.

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