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

F.N.B. (NYSE:FNB) posted its quarterly earnings data on Thursday. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01, Yahoo Finance reports. The firm had revenue of $406.87 million during the quarter, compared to analysts’ expectations of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter last year, the firm earned $0.40 EPS.

F.N.B. Price Performance

FNB stock opened at $13.13 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.90. The business has a 50 day simple moving average of $13.45 and a 200-day simple moving average of $12.74. The firm has a market capitalization of $4.72 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 8.78 and a beta of 1.02. F.N.B. has a 1 year low of $10.09 and a 1 year high of $14.19.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were given a $0.12 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.66%. F.N.B.’s dividend payout ratio (DPR) is presently 38.71%.

Insider Activity

In related news, Director William B. Campbell purchased 2,500 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $13.41 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FNB. First Command Bank acquired a new position in F.N.B. in the second quarter valued at approximately $27,000. Neo Ivy Capital Management acquired a new position in F.N.B. during the second quarter worth $35,000. Lazard Asset Management LLC acquired a new position in F.N.B. during the second quarter worth $39,000. State of Wyoming acquired a new position in F.N.B. during the fourth quarter worth $55,000. Finally, KBC Group NV acquired a new position in F.N.B. during the fourth quarter worth $72,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About F.N.B.

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.