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

F.N.B. (NYSE:FNB) posted its quarterly earnings results on Wednesday. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01, Yahoo Finance reports. F.N.B. had a return on equity of 9.98% and a net margin of 21.77%. During the same quarter in the prior year, the firm posted $0.40 earnings per share.

F.N.B. Stock Up 0.1 %

Shares of NYSE FNB traded up $0.02 during mid-day trading on Wednesday, reaching $12.81. 1,861,957 shares of the company traded hands, compared to its average volume of 2,089,680. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 0.91. The stock has a market cap of $4.60 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 8.95 and a beta of 1.02. The company’s fifty day moving average is $13.46 and its two-hundred day moving average is $12.73. F.N.B. has a fifty-two week low of $10.09 and a fifty-two week high of $14.19.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Tuesday, March 5th. F.N.B.’s dividend payout ratio is 36.36%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, Director William B. Campbell bought 2,500 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $13.41 per share, with a total value of $33,525.00. Following the acquisition, the director now directly owns 145,388 shares of the company’s stock, valued at approximately $1,949,653.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.22% of the company’s stock.

Institutional Trading of F.N.B.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNB. JPMorgan Chase & Co. grew its holdings in F.N.B. by 27.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,171,990 shares of the bank’s stock valued at $14,592,000 after buying an additional 248,892 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of F.N.B. by 49.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 151,346 shares of the bank’s stock worth $1,884,000 after acquiring an additional 50,271 shares during the period. Private Advisor Group LLC lifted its position in shares of F.N.B. by 10.7% in the 1st quarter. Private Advisor Group LLC now owns 15,696 shares of the bank’s stock worth $195,000 after acquiring an additional 1,515 shares during the period. Natixis Advisors L.P. lifted its position in shares of F.N.B. by 37.1% in the 1st quarter. Natixis Advisors L.P. now owns 27,259 shares of the bank’s stock worth $339,000 after acquiring an additional 7,373 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of F.N.B. by 3.9% in the 1st quarter. Bank of Montreal Can now owns 47,930 shares of the bank’s stock worth $614,000 after acquiring an additional 1,783 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analyst Ratings Changes

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