F.N.B. (NYSE:FNB – Get Free Report) posted its quarterly earnings results on Monday. The bank reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43, Zacks reports. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.
F.N.B. Price Performance
Shares of FNB traded down $0.28 during trading hours on Monday, hitting $16.95. The stock had a trading volume of 8,702,061 shares, compared to its average volume of 5,902,968. The company’s fifty day moving average is $18.06 and its two-hundred day moving average is $18.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91. F.N.B. has a 52 week low of $15.19 and a 52 week high of $19.59. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 0.76 and a beta of 0.87.
F.N.B. Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, September 1st. F.N.B.’s dividend payout ratio is currently 30.95%.
Analysts Set New Price Targets
FNB has been the topic of several recent research reports. Truist Financial decreased their price objective on F.N.B. from $20.50 to $19.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Wells Fargo & Company cut their target price on F.N.B. from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. UBS Group assumed coverage on F.N.B. in a research report on Monday, September 14th. They issued a “neutral” rating and a $20.00 target price for the company. Bank of America reiterated a “neutral” rating and set a $19.00 price target (down from $20.00) on shares of F.N.B. in a research note on Monday, July 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a report on Friday, September 4th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.33.
View Our Latest Stock Report on F.N.B.
Insider Activity
In related news, insider Bryant Mitchell David sold 4,055 shares of F.N.B. stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $19.25, for a total transaction of $78,058.75. Following the completion of the transaction, the insider directly owned 144,283 shares of the company’s stock, valued at $2,777,447.75. This trade represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.
F.N.B. Company Profile
F.N.B. Corporation (NYSE: FNB) is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking, lending and wealth management services to individuals, families, businesses and government entities.
FNB’s offerings include checking and savings accounts, certificates of deposit, residential and consumer loans, commercial real estate and business lending, treasury management and cash-management services.
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