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

F.N.B. (NYSE:FNB) 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.

In related news, Director William B. Campbell bought 2,500 shares of F.N.B. stock in a transaction dated 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 acquisition, the director now owns 145,388 shares in the company, valued at approximately $1,949,653.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.03% of the stock is currently owned by insiders.

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.

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.