F.N.B. Corp. (NYSE:FNB) – Equities research analysts at Jefferies Group cut their FY2017 earnings per share estimates for shares of F.N.B. Corp. in a report released on Tuesday. Jefferies Group analyst C. Haire now anticipates that the brokerage will post earnings per share of $0.92 for the year, down from their prior estimate of $1.00. Jefferies Group has a “Buy” rating and a $14.00 price target on the stock.

F.N.B. Corp. (NYSE:FNB) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. F.N.B. Corp. had a net margin of 18.64% and a return on equity of 7.60%. During the same period in the prior year, the firm posted $0.22 earnings per share.

Earnings History and Estimates for F.N.B. Corp. (NYSE:FNB)

A number of other brokerages have also recently commented on FNB. JPMorgan Chase & Co. reissued a “hold” rating on shares of F.N.B. Corp. in a research note on Saturday, July 9th. Zacks Investment Research cut F.N.B. Corp. from a “buy” rating to a “hold” rating in a research note on Friday. Finally, FBR & Co reduced their price objective on F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating for the company in a research note on Friday, July 22nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. F.N.B. Corp. currently has an average rating of “Buy” and a consensus price target of $13.80.

Shares of F.N.B. Corp. (NYSE:FNB) opened at 12.30 on Friday. F.N.B. Corp. has a 1-year low of $11.16 and a 1-year high of $14.66. The company has a market cap of $2.56 billion, a PE ratio of 16.80 and a beta of 1.02. The company has a 50-day moving average price of $12.31 and a 200-day moving average price of $12.64.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of F.N.B. Corp. by 7.1% in the second quarter. Vanguard Group Inc. now owns 15,420,833 shares of the company’s stock valued at $193,378,000 after buying an additional 1,021,654 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of F.N.B. Corp. by 5.0% in the second quarter. BlackRock Fund Advisors now owns 13,710,886 shares of the company’s stock valued at $171,935,000 after buying an additional 655,903 shares during the last quarter. State Street Corp boosted its position in shares of F.N.B. Corp. by 57.3% in the first quarter. State Street Corp now owns 9,440,981 shares of the company’s stock valued at $122,823,000 after buying an additional 3,440,810 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of F.N.B. Corp. by 2.0% in the second quarter. Neuberger Berman Group LLC now owns 7,687,072 shares of the company’s stock valued at $96,396,000 after buying an additional 148,788 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of F.N.B. Corp. by 46.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,322,966 shares of the company’s stock valued at $82,262,000 after buying an additional 1,996,847 shares during the last quarter. 68.51% of the stock is currently owned by institutional investors.

In related news, CEO Vincent J. Delie, Jr. bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were bought at an average price of $11.97 per share, with a total value of $59,850.00. Following the completion of the transaction, the chief executive officer now directly owns 175,054 shares in the company, valued at $2,095,396.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary L. Guerrieri bought 4,058 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were bought at an average cost of $12.32 per share, for a total transaction of $49,994.56. Following the transaction, the insider now owns 54,622 shares of the company’s stock, valued at $672,943.04. The disclosure for this purchase can be found here. Corporate insiders own 1.63% of the company’s stock.

About F.N.B. Corp.

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.

5 Day Chart for NYSE:FNB

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