F.N.B. (NYSE:FNB) Issues Earnings Results, Beats Expectations By $0.04 EPS

F.N.B. (NYSE:FNB) announced its quarterly earnings data on Monday. The bank reported $0.28 EPS 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 mid-day trading on Wednesday, reaching $10.71. The company had a trading volume of 114,323 shares, compared to its average volume of 2,474,957. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.88 and a quick ratio of 0.85. The stock’s 50-day simple moving average is $9.83 and its 200-day simple moving average is $8.15. F.N.B. has a 1 year low of $5.05 and a 1 year high of $12.75. The company has a market capitalization of $3.46 billion, a P/E ratio of 11.92 and a beta of 1.34.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Friday, March 5th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, March 4th. This represents a $0.48 dividend on an annualized basis and a yield of 4.48%. F.N.B.’s dividend payout ratio (DPR) is presently 40.68%.

In other F.N.B. news, Director Mary Jo Dively acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, December 2nd. The stock was acquired at an average cost of $9.12 per share, with a total value of $27,360.00. Following the purchase, the director now directly owns 47,517 shares in the company, valued at approximately $433,355.04. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have bought 7,000 shares of company stock valued at $56,620. Corporate insiders own 0.59% of the company’s stock.

A number of research analysts have issued reports on the stock. Stephens cut shares of F.N.B. from an “overweight” rating to an “equal weight” rating and set a $10.00 target price for the company. in a report on Wednesday, November 25th. TheStreet raised shares of F.N.B. from a “c+” rating to a “b” rating in a report on Monday, November 16th. Finally, Zacks Investment Research raised shares of F.N.B. from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday, January 6th.

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.

Featured Story: Backdoor Roth IRA Conversion and Strategy

Earnings History for F.N.B. (NYSE:FNB)

Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.