Brokers Set Expectations for F.N.B. Corp.’s Q1 2017 Earnings (FNB)
F.N.B. Corp. (NYSE:FNB) – Jefferies Group issued their Q1 2017 earnings estimates for shares of F.N.B. Corp. in a report released on Tuesday. Jefferies Group analyst C. Haire expects that the firm will post earnings of $0.23 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for F.N.B. Corp.’s Q2 2017 earnings at $0.23 EPS, Q3 2017 earnings at $0.25 EPS and Q4 2017 earnings at $0.27 EPS.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of F.N.B. Corp. from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. reiterated a “hold” rating on shares of F.N.B. Corp. in a report on Saturday, July 9th. Finally, FBR & Co cut their target price on shares of F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating on the stock in a report on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. F.N.B. Corp. presently has an average rating of “Buy” and an average target price of $13.80.
Shares of F.N.B. Corp. (NYSE:FNB) opened at 12.30 on Thursday. The company has a 50-day moving average of $12.31 and a 200-day moving average of $12.64. The company has a market capitalization of $2.56 billion, a PE ratio of 16.80 and a beta of 1.02. F.N.B. Corp. has a one year low of $11.16 and a one year high of $14.66.
F.N.B. Corp. (NYSE:FNB) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.02. F.N.B. Corp. had a return on equity of 7.60% and a net margin of 18.64%. During the same quarter in the prior year, the firm earned $0.22 earnings per share.
Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in shares of F.N.B. Corp. by 2.3% in the third quarter. Nisa Investment Advisors LLC now owns 93,400 shares of the company’s stock worth $1,149,000 after buying an additional 2,100 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of F.N.B. Corp. during the third quarter worth approximately $221,000. Creative Planning raised its stake in shares of F.N.B. Corp. by 63.8% in the third quarter. Creative Planning now owns 73,549 shares of the company’s stock worth $905,000 after buying an additional 28,640 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of F.N.B. Corp. during the third quarter worth approximately $132,000. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of F.N.B. Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 71,594 shares of the company’s stock worth $881,000 after buying an additional 1,438 shares during the last quarter. Institutional investors and hedge funds own 68.51% of the company’s stock.
In related news, insider Gary L. Guerrieri acquired 4,058 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were acquired at an average cost of $12.32 per share, for a total transaction of $49,994.56. Following the completion of the acquisition, the insider now directly owns 54,622 shares in the company, valued at approximately $672,943.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert A. Hormell acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were bought at an average price of $12.35 per share, for a total transaction of $37,050.00. Following the completion of the acquisition, the director now owns 54,217 shares of the company’s stock, valued at $669,579.95. The disclosure for this purchase can be found here. Corporate insiders own 1.63% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.90%. F.N.B. Corp.’s payout ratio is 64.86%.
F.N.B. Corp. Company Profile
F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.
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