F.N.B. Corp (NYSE:FNB) – Equities researchers at Jefferies Financial Group boosted their Q2 2019 earnings estimates for F.N.B. in a research report issued to clients and investors on Wednesday, April 24th, Zacks Investment Research reports. Jefferies Financial Group analyst C. Haire now forecasts that the bank will post earnings of $0.30 per share for the quarter, up from their previous estimate of $0.28. Jefferies Financial Group also issued estimates for F.N.B.’s Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.30 EPS and FY2020 earnings at $1.24 EPS.
F.N.B. (NYSE:FNB) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The company had revenue of $296.00 million during the quarter, compared to the consensus estimate of $298.73 million. F.N.B. had a net margin of 25.54% and a return on equity of 8.50%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 earnings per share.
FNB stock traded up $0.06 during trading hours on Friday, hitting $11.52. The company’s stock had a trading volume of 1,029,000 shares, compared to its average volume of 2,426,217. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 1.03 and a beta of 1.26. F.N.B. has a 12 month low of $9.35 and a 12 month high of $14.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 31st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Thursday, May 30th. F.N.B.’s dividend payout ratio is 42.48%.
In other F.N.B. news, Director Mary Jo Dively acquired 4,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was bought at an average price of $12.36 per share, for a total transaction of $49,440.00. Following the purchase, the director now owns 21,900 shares in the company, valued at approximately $270,684. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.59% of the company’s stock.
Several hedge funds have recently made changes to their positions in FNB. W.E. Donoghue & Co. LLC acquired a new stake in F.N.B. during the 1st quarter worth approximately $910,000. Dupont Capital Management Corp acquired a new position in shares of F.N.B. during the fourth quarter worth approximately $285,000. Stevens Capital Management LP acquired a new position in shares of F.N.B. during the fourth quarter worth approximately $788,000. Oakbrook Investments LLC acquired a new position in shares of F.N.B. during the fourth quarter worth approximately $174,000. Finally, EJF Capital LLC raised its position in shares of F.N.B. by 94.8% during the fourth quarter. EJF Capital LLC now owns 2,580,063 shares of the bank’s stock worth $25,388,000 after purchasing an additional 1,255,733 shares during the period. Institutional investors own 77.93% of the company’s stock.
F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
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