F.N.B. Corporation (NYSE:FNB) Director James D. Chiafullo bought 1,500 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was acquired at an average cost of $13.46 per share, for a total transaction of $20,190.00. Following the completion of the transaction, the director now owns 46,220 shares in the company, valued at $622,121.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of F.N.B. Corporation (FNB) opened at $13.51 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $4,367.80, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94.
F.N.B. Corporation (NYSE:FNB) last issued its earnings results on Thursday, October 19th. The bank reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. F.N.B. Corporation had a return on equity of 6.81% and a net margin of 19.95%. The firm had revenue of $291.38 million for the quarter, compared to analyst estimates of $299.47 million. During the same period last year, the company earned $0.24 earnings per share. research analysts predict that F.N.B. Corporation will post 0.92 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, November 30th. F.N.B. Corporation’s dividend payout ratio is presently 62.34%.
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Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of F.N.B. Corporation by 3.0% in the second quarter. Vanguard Group Inc. now owns 27,139,637 shares of the bank’s stock worth $384,298,000 after purchasing an additional 781,511 shares in the last quarter. State Street Corp grew its stake in shares of F.N.B. Corporation by 3.2% in the second quarter. State Street Corp now owns 18,107,627 shares of the bank’s stock worth $256,409,000 after purchasing an additional 555,996 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of F.N.B. Corporation by 16.6% in the second quarter. Neuberger Berman Group LLC now owns 11,400,820 shares of the bank’s stock worth $161,436,000 after purchasing an additional 1,620,392 shares in the last quarter. FMR LLC grew its stake in shares of F.N.B. Corporation by 15.5% in the second quarter. FMR LLC now owns 9,337,204 shares of the bank’s stock worth $132,214,000 after purchasing an additional 1,253,800 shares in the last quarter. Finally, Hamlin Capital Management LLC grew its stake in shares of F.N.B. Corporation by 23.2% in the third quarter. Hamlin Capital Management LLC now owns 5,691,678 shares of the bank’s stock worth $79,854,000 after purchasing an additional 1,071,738 shares in the last quarter. 77.06% of the stock is owned by institutional investors.
FNB has been the topic of a number of recent analyst reports. Zacks Investment Research raised F.N.B. Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. ValuEngine lowered F.N.B. Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “hold” rating and set a $15.00 price target on shares of F.N.B. Corporation in a research report on Friday, October 20th. Boenning Scattergood raised F.N.B. Corporation from a “neutral” rating to an “outperform” rating in a research report on Monday, August 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.00 price target on shares of F.N.B. Corporation in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $17.39.
F.N.B. Corporation 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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