F.N.B. Corp (NYSE:FNB) – Investment analysts at Jefferies Financial Group decreased their Q2 2020 earnings per share estimates for shares of F.N.B. in a report issued on Tuesday, October 8th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will post earnings per share of $0.28 for the quarter, down from their previous estimate of $0.29. Jefferies Financial Group also issued estimates for F.N.B.’s FY2021 earnings at $1.12 EPS.
F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $305.25 million during the quarter, compared to analysts’ expectations of $305.58 million. F.N.B. had a net margin of 25.79% and a return on equity of 8.55%. During the same period last year, the firm posted $0.27 earnings per share.
Several other research analysts have also recently issued reports on FNB. ValuEngine upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. Raymond James increased their price objective on shares of F.N.B. from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Zacks Investment Research upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.33.
F.N.B. stock opened at $11.62 on Thursday. The firm has a 50 day simple moving average of $11.15 and a 200-day simple moving average of $11.39. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $3.81 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.08 and a beta of 1.29. F.N.B. has a 12-month low of $9.35 and a 12-month high of $12.49.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Wednesday, September 4th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Tuesday, September 3rd. F.N.B.’s dividend payout ratio (DPR) is presently 42.48%.
In other F.N.B. news, Director David L. Motley bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $11.12 per share, with a total value of $27,800.00. Following the completion of the purchase, the director now directly owns 36,320 shares in the company, valued at $403,878.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James D. Chiafullo bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $10.85 per share, with a total value of $32,550.00. Following the completion of the purchase, the director now owns 66,847 shares of the company’s stock, valued at $725,289.95. The disclosure for this purchase can be found here. Insiders bought 6,000 shares of company stock valued at $66,460 over the last quarter. Insiders own 0.59% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its stake in F.N.B. by 59.7% during the second quarter. Parallel Advisors LLC now owns 2,747 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,027 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in F.N.B. during the second quarter valued at approximately $60,000. AGF Investments LLC lifted its stake in F.N.B. by 44.1% during the second quarter. AGF Investments LLC now owns 5,574 shares of the bank’s stock valued at $66,000 after purchasing an additional 1,707 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in F.N.B. by 21.8% during the second quarter. BNP Paribas Arbitrage SA now owns 6,907 shares of the bank’s stock valued at $81,000 after purchasing an additional 1,236 shares during the last quarter. Finally, Greenwich Wealth Management LLC acquired a new stake in F.N.B. during the second quarter valued at approximately $131,000. 74.92% of the stock is owned by institutional investors and hedge funds.
F.N.B. Company Profile
F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
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