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

F.N.B. (NYSE:FNB) issued its quarterly earnings results on Wednesday. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company earned $0.40 EPS.

F.N.B. Stock Performance

Shares of FNB opened at $12.81 on Thursday. F.N.B. has a one year low of $10.09 and a one year high of $14.19. The company has a 50-day simple moving average of $13.46 and a two-hundred day simple moving average of $12.73. The firm has a market capitalization of $4.60 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 8.81 and a beta of 1.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.90.

F.N.B. Dividend Announcement

The business 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. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 annualized dividend and a yield of 3.75%. F.N.B.’s dividend payout ratio (DPR) is presently 36.36%.

Insider Buying and Selling at F.N.B.

In other news, Director William B. Campbell purchased 2,500 shares of F.N.B. stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $13.41 per share, with a total value of $33,525.00. Following the completion of the transaction, the director now directly owns 145,388 shares of the company’s stock, valued at $1,949,653.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its stake in shares of F.N.B. by 5.7% during the 1st 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 grew its holdings in F.N.B. by 3.0% during the 3rd quarter. Stifel Financial Corp now owns 34,550 shares of the bank’s stock valued at $373,000 after purchasing an additional 1,006 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in F.N.B. by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 192,830 shares of the bank’s stock valued at $2,237,000 after purchasing an additional 1,104 shares during the last quarter. Utah Retirement Systems grew its holdings in F.N.B. by 7.8% during the 1st quarter. Utah Retirement Systems now owns 17,976 shares of the bank’s stock valued at $224,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Vista Investment Management boosted its position in F.N.B. by 5.5% in the 2nd 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 during the period. Institutional investors own 79.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FNB shares. StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Wells Fargo & Company upped their price target on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Bank of America initiated coverage on F.N.B. in a research note on Thursday, January 11th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Raymond James increased their target price on F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, F.N.B. currently has an average rating of “Moderate Buy” and an average target price of $15.00.

F.N.B. Company Profile

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.