F.N.B. (NYSE:FNB – Get Free Report) released its earnings results on Wednesday. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01, Yahoo Finance reports. F.N.B. had a return on equity of 9.98% and a net margin of 21.77%. During the same period in the previous year, the business posted $0.40 EPS.
F.N.B. Stock Performance
FNB opened at $12.81 on Thursday. The firm has a market cap of $4.60 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 8.81 and a beta of 1.02. F.N.B. has a 52-week low of $10.09 and a 52-week high of $14.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 0.91. The business’s fifty day moving average is $13.46 and its 200-day moving average is $12.73.
F.N.B. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Wednesday, March 6th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Tuesday, March 5th. F.N.B.’s dividend payout ratio is 36.36%.
Insider Transactions at F.N.B.
Institutional Trading of F.N.B.
Several large investors have recently modified their holdings of the stock. Advisory Services Network LLC boosted its stake in F.N.B. by 5.7% in the first quarter. Advisory Services Network LLC now owns 16,676 shares of the bank’s stock valued at $193,000 after buying an additional 899 shares in the last quarter. Stifel Financial Corp boosted its stake in F.N.B. by 3.0% in the third quarter. Stifel Financial Corp now owns 34,550 shares of the bank’s stock valued at $373,000 after buying an additional 1,006 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in F.N.B. by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 192,830 shares of the bank’s stock valued at $2,237,000 after buying an additional 1,104 shares in the last quarter. Utah Retirement Systems boosted its stake in F.N.B. by 7.8% in the first quarter. Utah Retirement Systems now owns 17,976 shares of the bank’s stock valued at $224,000 after buying an additional 1,300 shares in the last quarter. Finally, Vista Investment Management boosted its stake in F.N.B. by 5.5% in the second quarter. Vista Investment Management now owns 27,787 shares of the bank’s stock valued at $318,000 after buying an additional 1,460 shares in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have commented on FNB. Wells Fargo & Company boosted their target price on F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Bank of America started coverage on F.N.B. in a research note on Thursday, January 11th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Raymond James upped their price objective on F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.
Get Our Latest Report on F.N.B.
About F.N.B.
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.
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