FNB chief wholesale banking officer sells $78,038 in stock
Chief Wholesale Banking Officer at FNB Corp, David Bryant Mitchell, divested 4,055 shares of the company's common stock on the 6th day of August, 2026. The transaction valued at roughly $78,038 was executed at a price of $19.245 per share. The sale occurred as FNB stock hovered close to its 52-week peak of $19.59, currently trading at $19.48.
InvestingPro's analysis suggests the stock is potentially overvalued compared to its Fair Value, although FNB maintains a low P/E ratio of 11.56. Post this sale, Mr. Mitchell remains a shareholder with direct ownership of 144,282.718 shares of FNB, comprising shares purchased via the company's dividend reinvestment plan and accrued dividend equivalent units from restricted stock units since his last filing.
Additionally, Mr. Mitchell holds 13,634.099 shares indirectly through a 401K Plan. For a more in-depth look into FNB's valuation and performance, InvestingPro provides a detailed Pro Research Report on this and over 1,400 other US equities, coupled with ProTips and expert analysis. Recently, F.N.B. Corporation disclosed its Q2 2026 earnings, which aligned with Wall Street's profit projections but fell short of revenue estimates.
The regional bank reported adjusted earnings per share of $0.42, consistent with forecasts, while revenue amounted to $462.6 million, falling short of the estimated $467.3 million. Despite this, the company demonstrated consistent loan growth and robust fee income. Analyst commentary remains mixed, with Piper Sandler maintaining an Overweight rating on F.N.B., citing a $22.00 price target, but lowering earnings per share estimates due to a less favorable 2026 net interest income and margin outlook.
Conversely, BofA Securities downgraded F.N.B. to Neutral from Buy, reducing the price target to $19 from $20, citing a 5% reduction in 2027 earnings per share estimate and a 2% reduction in fiscal 2026 pre-provision net revenue, which BofA deemed disappointing. These recent developments paint a mixed picture for F.N.B. Corporation.
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