F.N.B. Corp (NYSE:FNB) Director Frank C. Mencini acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $13.81 per share, with a total value of $27,620.00. Following the completion of the acquisition, the director now owns 24,611 shares in the company, valued at approximately $339,877.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of F.N.B. Corp (NYSE:FNB) opened at $13.85 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.16. F.N.B. Corp has a 1-year low of $12.02 and a 1-year high of $16.33. The firm has a market cap of $4,447.65, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91.
F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. F.N.B. had a net margin of 16.00% and a return on equity of 6.69%. The firm had revenue of $295.14 million during the quarter, compared to the consensus estimate of $295.89 million. During the same period in the prior year, the firm earned $0.24 EPS. equities research analysts predict that F.N.B. Corp will post 1.13 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of FNB. Franklin Street Advisors Inc. NC bought a new stake in F.N.B. in the 4th quarter valued at $139,000. Stifel Financial Corp boosted its holdings in F.N.B. by 1.9% in the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after purchasing an additional 202 shares during the period. First Allied Advisory Services Inc. bought a new stake in F.N.B. in the 3rd quarter valued at $150,000. Park National Corp OH bought a new stake in F.N.B. in the 3rd quarter valued at $162,000. Finally, CIBC Asset Management Inc bought a new stake in F.N.B. in the 3rd quarter valued at $163,000. 76.62% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on FNB. Boenning Scattergood began coverage on shares of F.N.B. in a report on Tuesday, January 23rd. They set a “buy” rating for the company. ValuEngine downgraded shares of F.N.B. from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and set a $17.00 price objective on shares of F.N.B. in a report on Thursday, January 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.50 price objective on shares of F.N.B. in a report on Friday, December 22nd. Finally, Zacks Investment Research raised shares of F.N.B. from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $17.10.
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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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