F.N.B. Corp. (NYSE:FNB) – Analysts at Jefferies Group dropped their FY2017 EPS estimates for F.N.B. Corp. in a research report issued on Tuesday. Jefferies Group analyst C. Haire now expects that the brokerage will post earnings of $0.92 per share for the year, down from their previous forecast of $1.00. Jefferies Group currently has a “Buy” rating and a $14.00 target price on the stock.
F.N.B. Corp. (NYSE:FNB) last issued its earnings results on Thursday, July 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. F.N.B. Corp. had a return on equity of 7.60% and a net margin of 18.64%. During the same period in the prior year, the firm earned $0.22 earnings per share.
A number of other brokerages have also weighed in on FNB. Zacks Investment Research raised shares of F.N.B. Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 16th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of F.N.B. Corp. in a report on Saturday, July 9th. Finally, FBR & Co lowered their price target on shares of F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating on the stock in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.80.
Shares of F.N.B. Corp. (NYSE:FNB) traded up 0.944% during midday trading on Friday, hitting $12.295. The stock had a trading volume of 1,234,672 shares. The firm has a 50 day moving average price of $12.31 and a 200-day moving average price of $12.64. The stock has a market cap of $2.56 billion, a PE ratio of 16.796 and a beta of 1.02. F.N.B. Corp. has a 52-week low of $11.16 and a 52-week high of $14.66.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Tuesday, August 30th. F.N.B. Corp.’s payout ratio is currently 64.86%.
In other news, Director Robert A. Hormell bought 3,000 shares of the stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $12.35 per share, with a total value of $37,050.00. Following the purchase, the director now directly owns 54,217 shares in the company, valued at approximately $669,579.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gary L. Guerrieri bought 4,058 shares of the stock in a transaction dated Thursday, August 11th. The shares were purchased at an average cost of $12.32 per share, for a total transaction of $49,994.56. Following the completion of the purchase, the insider now owns 54,622 shares in the company, valued at $672,943.04. The disclosure for this purchase can be found here. Insiders own 1.63% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Capstone Asset Management Co. raised its stake in F.N.B. Corp. by 1.1% in the second quarter. Capstone Asset Management Co. now owns 11,819 shares of the company’s stock valued at $148,000 after buying an additional 130 shares during the last quarter. United Services Automobile Association raised its stake in F.N.B. Corp. by 3.3% in the second quarter. United Services Automobile Association now owns 31,000 shares of the company’s stock valued at $389,000 after buying an additional 980 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in F.N.B. Corp. by 2.5% in the second quarter. HBK Sorce Advisory LLC now owns 49,561 shares of the company’s stock valued at $621,000 after buying an additional 1,206 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in F.N.B. Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 71,594 shares of the company’s stock valued at $881,000 after buying an additional 1,438 shares during the last quarter. Finally, Commonwealth Equity Services Inc raised its stake in F.N.B. Corp. by 7.8% in the first quarter. Commonwealth Equity Services Inc now owns 23,730 shares of the company’s stock valued at $309,000 after buying an additional 1,720 shares during the last quarter. 68.51% of the stock is currently owned by institutional investors and hedge funds.
F.N.B. Corp. 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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