F.N.B. Corporation (FNB): Why its showing bear behavior?

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F.N.B. Corporation (NYSE:FNB) changes shares on Friday trading session, with a change of -6.49% or -$0.48 shares. The trading starts at $7.20 and closed at $7.40 throughout the day. The trading session low price was $6.89 and day high was $7.26 on Friday, June 26. After the session, the Financial sector daily volume shifted to 4.74 million while its average volume is 2.57M. In other hand, the FNB market cap reached to $2.26B. While, its current target price is $6.92 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -9.19% and down -10.82% for month. Its quarterly performance was -5.98% below, while its half year performance is down -45.51%. FNB yearly performance stood at negative -39.72% and fall -45.51% for year-to-date. Current recommendation for F.N.B. Corporation is 1.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. FNB EPS (TTM) for 12-month is 1.02. EPS for this year is 3.20%, while for the next year its value is 0.84. Sales growth for the current quarter is 0.68 while its EPS Q/Q reached -51.10%. It has an EPS of 7.70% up for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on FNB for the current month and previous month. For the current month, 7 of 9 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $8.00-$11.00. Average target price for FNB was reached at $9.11.

Blackrock Inc., Vanguard Group, Inc. (The) and Fuller & Thaler Asset Management Inc. are the top three holders in F.N.B. Corporation (FNB) stock. On Mar 30, 2020, Blackrock Inc. has 36.67 million shares which valued 270.25 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 33.84 million shares which valued at 249.4 million. On Mar 30, 2020, Fuller & Thaler Asset Management Inc. has a total of 16.81 million shares which valued at 123.92 million. In the end, Fuller & Thaler Asset Management Inc. have 5.20% shares outstanding of F.N.B. Corporation (FNB) on Mar 30, 2020. The insider ownership moved to 0.60% and institutional holding shifted to 74.50%.

The company posted an EPS (TTM) of 1.02. According to the most recent quarter report on (Jun 2020), 9 analysts estimated an average EPS of 0.12, while 0.29 EPS posted a year ago period. Analyst Estimated EPS for FNB published in the report was -0.11-0.26 during the same period. Comparing with last year, the average estimated EPS was 0.29 which is higher than 0.16 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for FNB fall -32.57% for period of 200 days. SMA for 50 days was -8.53% which is showing red signal, while SMA-20 was -12.62%. The moving average value for F.N.B. Corporation (FNB) is 9.44 and 7.56 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in FNB stock. On May 14, Mencini Frank C, Director, bought 2,000 trading shares at the cost of $6.10, which valued at 12200.0. On May 14, DELIE VINCENT J JR, Chairman, President, & CEO, bought 20,000 shares at the cost of $6.50, with total shares of 567,821. On May 14, Calabrese Vincent J, Chief Financial Officer, bought 20,000 shares at the cost of 6.56. After this transaction, Calabrese Vincent J total shares reached to 229,613 which valued at 0.13 million.