Shares of F.N.B. Corporation (FNB) Rally 6.63%

F.N.B. Corporation (FNB) : Traders are bullish on F.N.B. Corporation (FNB) as it has outperformed the S&P 500 by a wide margin of 1.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.06%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.63% in the last 1 week, and is up 5.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.29% and the 50-Day Moving Average is 4.39%.

F.N.B. Corporation (NYSE:FNB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.36 and $13.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.35, notching a gain of 0.83% for the day. The total traded volume was 1,340,009 . The stock had closed at $13.24 on the previous day.


The company Insiders own 1.63% of F.N.B. Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 36.91% . Institutional Investors own 68.55% of F.N.B. Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 2.18%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Fnb Corp/Fl/, Mencini Frank C, had purchased 1,550 shares in a transaction dated on May 4, 2016. The transaction was executed at $12.82 per share with total amount equaling $19,871.

F.N.B. Corporation is a financial holding company. The Company has four business segments: Community Banking, Wealth Management, Insurance and Consumer Finance. The Company also operates other non-banking subsidiaries. The Companys Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual instalment loans. The Companys Wealth Management segment delivers wealth management services to individuals, corporations and retirement funds, as well as existing customers of Community Banking. The Companys Insurance segment operates principally through First National Insurance Agency, LLC (FNIA), which is a subsidiary of the Corporation. The Companys Consumer Finance segment operates through its subsidiary, Regency Finance Company.

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