F.N.B. (NYSE:FNB) posted its earnings results on Monday. The bank reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04, MarketWatch Earnings reports. F.N.B. had a net margin of 21.08% and a return on equity of 6.83%.
F.N.B. stock traded down $0.38 during trading hours on Wednesday, hitting $10.71. 107,650 shares of the stock were exchanged, compared to its average volume of 2,474,957. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.88. The stock has a market capitalization of $3.46 billion, a P/E ratio of 11.92 and a beta of 1.34. F.N.B. has a 12 month low of $5.05 and a 12 month high of $12.75. The business’s 50-day moving average is $9.83 and its two-hundred day moving average is $8.15.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Friday, March 5th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, March 4th. This represents a $0.48 annualized dividend and a yield of 4.48%. F.N.B.’s dividend payout ratio is 40.68%.
A number of research firms recently weighed in on FNB. Zacks Investment Research raised shares of F.N.B. from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Wednesday, January 6th. TheStreet raised shares of F.N.B. from a “c+” rating to a “b” rating in a research note on Monday, November 16th. Finally, Stephens cut shares of F.N.B. from an “overweight” rating to an “equal weight” rating and set a $10.00 price objective on the stock. in a research note on Wednesday, November 25th.
In other news, Director Mary Jo Dively acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, December 2nd. The shares were purchased at an average cost of $9.12 per share, with a total value of $27,360.00. Following the completion of the purchase, the director now owns 47,517 shares of the company’s stock, valued at $433,355.04. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 7,000 shares of company stock worth $56,620 over the last ninety days. Insiders own 0.59% of the company’s stock.
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.
Further Reading: Accumulation/Distribution
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