F.N.B. (FNB) Shares Gap Up to $14.17

F.N.B. Corporation (NYSE:FNB) gapped up before the market opened on Tuesday . The stock had previously closed at $13.82, but opened at $14.17. F.N.B. shares last traded at $14.39, with a volume of 3143600 shares changing hands.

A number of equities research analysts have issued reports on FNB shares. Zacks Investment Research raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $15.00 target price on shares of F.N.B. in a research report on Friday, October 20th. ValuEngine downgraded F.N.B. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Boenning Scattergood upgraded F.N.B. from a “neutral” rating to an “outperform” rating in a research report on Monday, August 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.00 target price on shares of F.N.B. in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. F.N.B. has an average rating of “Buy” and a consensus price target of $17.39.

The stock has a market capitalization of $4,550.00, a PE ratio of 15.03, a PEG ratio of 1.61 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15.

F.N.B. (NYSE:FNB) last released its earnings results on Thursday, October 19th. The bank reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. F.N.B. had a return on equity of 6.81% and a net margin of 19.95%. The business had revenue of $291.38 million during the quarter, compared to the consensus estimate of $299.47 million. During the same period last year, the company earned $0.24 earnings per share. equities research analysts predict that F.N.B. Corporation will post 0.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.40%. F.N.B.’s dividend payout ratio (DPR) is 61.54%.

In other news, insider Robert M. Moorehead purchased 5,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the purchase, the insider now owns 25,312 shares in the company, valued at approximately $340,699.52. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frank C. Mencini purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $12.93 per share, for a total transaction of $25,860.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 8,500 shares of company stock valued at $113,350. Corporate insiders own 1.21% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Algert Global LLC purchased a new position in shares of F.N.B. during the third quarter valued at $619,000. Highlander Capital Management LLC purchased a new position in F.N.B. in the third quarter valued at about $394,000. Kalos Management Inc. grew its stake in F.N.B. by 3.0% in the third quarter. Kalos Management Inc. now owns 187,143 shares of the bank’s stock valued at $2,625,000 after purchasing an additional 5,413 shares during the last quarter. Crestline Management LP grew its stake in F.N.B. by 3,562.5% in the third quarter. Crestline Management LP now owns 586,000 shares of the bank’s stock valued at $8,222,000 after purchasing an additional 570,000 shares during the last quarter. Finally, First Allied Advisory Services Inc. purchased a new position in F.N.B. in the third quarter valued at about $150,000. Hedge funds and other institutional investors own 76.02% of the company’s stock.

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F.N.B. 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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