F.N.B. (NYSE:FNB) Releases 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 period last year, the business posted $0.40 EPS.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $13.13 on Friday. The stock’s 50-day simple moving average is $13.45 and its 200-day simple moving average is $12.74. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.59, a PEG 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.

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. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 annualized dividend and a dividend yield of 3.66%. F.N.B.’s payout ratio is 38.71%.

Insiders Place Their Bets

In related news, Director William B. Campbell purchased 2,500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $13.41 per share, with a total value of $33,525.00. Following the transaction, the director now owns 145,388 shares of the company’s stock, valued at $1,949,653.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.03% of the stock is owned by insiders.

Institutional Investors Weigh In On F.N.B.

Several hedge funds have recently modified their holdings of FNB. JPMorgan Chase & Co. boosted its stake in shares of F.N.B. by 27.0% during the 1st quarter. JPMorgan Chase & Co. now owns 1,171,990 shares of the bank’s stock worth $14,592,000 after acquiring an additional 248,892 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of F.N.B. by 49.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 151,346 shares of the bank’s stock worth $1,884,000 after acquiring an additional 50,271 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of F.N.B. by 10.7% during the 1st quarter. Private Advisor Group LLC now owns 15,696 shares of the bank’s stock worth $195,000 after acquiring an additional 1,515 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of F.N.B. by 37.1% during the 1st quarter. Natixis Advisors L.P. now owns 27,259 shares of the bank’s stock worth $339,000 after acquiring an additional 7,373 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of F.N.B. by 3.9% during the 1st quarter. Bank of Montreal Can now owns 47,930 shares of the bank’s stock worth $614,000 after acquiring an additional 1,783 shares in the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FNB. Raymond James raised 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. Stephens lowered their target price on F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday. Bank of America started coverage on F.N.B. in a research report on Thursday, January 11th. They set a “buy” rating and a $15.00 target price on the stock. StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Finally, Wells Fargo & Company lifted their target price on F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock 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.