F.N.B. (NYSE:FNB) Announces Earnings Results, Meets Expectations

F.N.B. (NYSE:FNB) released its quarterly earnings data on Monday. The bank reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43, Zacks reports. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. The company had revenue of $469.12 million during the quarter, compared to the consensus estimate of $476.20 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share.

F.N.B. Price Performance

Shares of NYSE:FNB opened at $16.95 on Tuesday. F.N.B. has a one year low of $15.19 and a one year high of $19.59. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 0.76 and a beta of 0.87. The company has a 50-day simple moving average of $18.02 and a 200-day simple moving average of $18.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 1st. F.N.B.’s dividend payout ratio is presently 30.95%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Truist Financial decreased their target price on F.N.B. from $20.50 to $19.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Bank of America restated 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. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research note on Monday, July 20th. Finally, UBS Group began coverage on F.N.B. in a research report on Monday, September 14th. They set a “neutral” rating and a $20.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and an average price target of $20.33.

Insider Activity

In related news, insider Bryant Mitchell David sold 4,055 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $19.25, for a total value of $78,058.75. Following the transaction, the insider owned 144,283 shares in the company, valued at $2,777,447.75. The trade was a 2.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate 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.