F.N.B. (NYSE:FNB) Issues Earnings Results, Beats Estimates By $0.01 EPS

F.N.B. (NYSE:FNB) released its quarterly earnings results on Wednesday. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01, Yahoo Finance reports. The firm had revenue of $406.87 million for the quarter, compared to the consensus estimate of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter last year, the business posted $0.40 EPS.

F.N.B. Price Performance

Shares of NYSE:FNB opened at $13.13 on Friday. The company has a market cap of $4.72 billion, a P/E ratio of 10.59, a P/E/G ratio of 8.78 and a beta of 1.02. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. F.N.B. has a 52 week low of $10.09 and a 52 week high of $14.19. The business has a fifty day simple moving average of $13.45 and a 200-day simple moving average of $12.74.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Tuesday, March 5th. F.N.B.’s dividend payout ratio is currently 38.71%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Raymond James increased their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Stephens dropped their price target on F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday. Wells Fargo & Company raised their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Bank of America initiated coverage on F.N.B. in a research report on Thursday, January 11th. They issued a “buy” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Insider Buying and Selling at F.N.B.

In other news, Director William B. Campbell purchased 2,500 shares of the stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $13.41 per share, with a total value of $33,525.00. Following the completion of the transaction, the director now owns 145,388 shares in the company, valued at $1,949,653.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors have recently added to or reduced their stakes in FNB. First Command Bank purchased a new stake in F.N.B. during the second quarter valued at about $27,000. Neo Ivy Capital Management acquired a new position in shares of F.N.B. during the second quarter worth about $35,000. Lazard Asset Management LLC acquired a new position in shares of F.N.B. during the second quarter worth about $39,000. State of Wyoming acquired a new position in shares of F.N.B. during the fourth quarter worth about $55,000. Finally, KBC Group NV acquired a new position in shares of F.N.B. during the fourth quarter worth about $72,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.