F.N.B. Corporation (NYSE:FNB) – Jefferies Group issued their FY2019 EPS estimates for F.N.B. Corporation in a note issued to investors on Monday. Jefferies Group analyst C. Haire anticipates that the bank will post earnings per share of $1.14 for the year. Jefferies Group currently has a “Buy” rating and a $18.00 target price on the stock.
Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of F.N.B. Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. BidaskClub upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Boenning Scattergood reiterated a “hold” rating on shares of F.N.B. Corporation in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $15.00 price target on shares of F.N.B. Corporation in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $17.39.
F.N.B. Corporation (FNB) traded down 0.888% during midday trading on Tuesday, reaching $13.945. The company’s stock had a trading volume of 632,106 shares. F.N.B. Corporation has a one year low of $12.02 and a one year high of $16.43. The firm has a 50 day moving average price of $13.17 and a 200 day moving average price of $13.77. The firm has a market cap of $4.51 billion, a P/E ratio of 17.216 and a beta of 0.97.
F.N.B. Corporation (NYSE:FNB) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.23. F.N.B. Corporation had a return on equity of 6.97% and a net margin of 19.43%. The business had revenue of $284.50 million for the quarter, compared to the consensus estimate of $294.39 million. During the same quarter last year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was up 24.8% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in FNB. Ffcm LLC purchased a new stake in shares of F.N.B. Corporation during the 2nd quarter valued at about $114,000. Stifel Financial Corp raised its position in shares of F.N.B. Corporation by 1.9% during the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after buying an additional 202 shares in the last quarter. Park National Corp OH purchased a new stake in shares of F.N.B. Corporation during the 3rd quarter valued at about $162,000. Jane Street Group LLC purchased a new stake in shares of F.N.B. Corporation during the 1st quarter valued at about $169,000. Finally, Round Table Services LLC purchased a new stake in shares of F.N.B. Corporation during the 2nd quarter valued at about $172,000. Hedge funds and other institutional investors own 76.41% of the company’s stock.
In other news, Director William B. Campbell sold 3,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $13.90, for a total transaction of $41,700.00. Following the sale, the director now directly owns 84,370 shares in the company, valued at approximately $1,172,743. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank C. Mencini bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average price of $13.57 per share, for a total transaction of $33,925.00. Following the completion of the transaction, the director now directly owns 19,977 shares in the company, valued at approximately $271,087.89. The disclosure for this purchase can be found here. 1.21% of the stock is currently owned by corporate insiders.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Wednesday, August 30th. F.N.B. Corporation’s dividend payout ratio is 61.54%.
About F.N.B. Corporation
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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