F.N.B. (NYSE:FNB) Releases Quarterly Earnings Results, Hits Estimates

F.N.B. (NYSE:FNB) released its quarterly earnings data on Monday. The bank reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43, Zacks reports. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.

F.N.B. Stock Down 1.6%

Shares of FNB stock traded down $0.28 on Monday, hitting $16.95. 8,702,061 shares of the stock were exchanged, compared to its average volume of 5,902,968. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $5.98 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 0.76 and a beta of 0.87. F.N.B. has a fifty-two week low of $15.19 and a fifty-two week high of $19.59. The business has a 50-day moving average of $18.06 and a 200 day moving average of $18.12.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend 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 currently 30.95%.

Analysts Set New Price Targets

FNB has been the subject of a number of research reports. Truist Financial lowered their target price on F.N.B. from $20.50 to $19.00 and set a “buy” rating for the company in a research note on Friday, October 9th. UBS Group began coverage on shares of F.N.B. in a research note on Monday, September 14th. They issued a “neutral” rating and a $20.00 price target on the stock. Bank of America reiterated a “neutral” rating and issued a $19.00 price target (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research report on Monday, July 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research report on Friday, September 4th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and an average target price of $20.33.

Insider Transactions at F.N.B.

In related news, insider Bryant Mitchell David sold 4,055 shares of F.N.B. stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $19.25, for a total value of $78,058.75. Following the sale, the insider owned 144,283 shares of the company’s stock, valued at approximately $2,777,447.75. This trade represents a 2.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

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.