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

F.N.B. (NYSE:FNB) released its quarterly earnings results on Thursday. 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. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. The firm had revenue of $406.87 million for the quarter, compared to the consensus estimate of $406.96 million. 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 debt-to-equity ratio of 0.35, a quick ratio of 0.90 and a current ratio of 0.92. The business’s fifty day moving average price is $13.45 and its two-hundred day moving average price is $12.74. The stock has a market cap of $4.72 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 8.78 and a beta of 1.02. F.N.B. has a one year low of $10.09 and a one year high of $14.19.

F.N.B. Announces Dividend

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

Insider Transactions at F.N.B.

In related news, Director William B. Campbell acquired 2,500 shares of F.N.B. stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $13.41 per share, for a total transaction of $33,525.00. Following the completion of the transaction, the director now directly owns 145,388 shares of the company’s stock, valued at $1,949,653.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in shares of F.N.B. by 86.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 801,142 shares of the bank’s stock valued at $11,032,000 after buying an additional 371,658 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in F.N.B. by 13.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 155,333 shares of the bank’s stock valued at $2,139,000 after acquiring an additional 18,975 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of F.N.B. by 2.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 155,456 shares of the bank’s stock worth $2,141,000 after purchasing an additional 4,345 shares during the period. Chartwell Investment Partners LLC boosted its holdings in shares of F.N.B. by 38.6% during the fourth quarter. Chartwell Investment Partners LLC now owns 941,653 shares of the bank’s stock worth $12,966,000 after purchasing an additional 262,050 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of F.N.B. by 2.9% during the fourth quarter. Barclays PLC now owns 810,438 shares of the bank’s stock worth $11,160,000 after purchasing an additional 22,595 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Wall Street Analyst Weigh In

FNB has been the topic of a number of recent analyst reports. Stephens lowered their price target on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday. StockNews.com downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Raymond James boosted their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Bank of America assumed coverage on F.N.B. in a report on Thursday, January 11th. They set a “buy” rating and a $15.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. 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, F.N.B. currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.