F.N.B. Corp (NYSE:FNB) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.42 and last traded at $12.45, with a volume of 105506 shares trading hands. The stock had previously closed at $12.65.
A number of research analysts have recently issued reports on FNB shares. Wells Fargo & Co set a $15.00 price objective on F.N.B. and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Boenning Scattergood reissued a “buy” rating on shares of F.N.B. in a research note on Wednesday, July 25th. ValuEngine raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Raymond James downgraded F.N.B. from a “strong-buy” rating to an “outperform” rating and set a $19.00 price objective on the stock. in a research note on Wednesday, July 25th. Finally, Zacks Investment Research downgraded F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.14.
The company has a market cap of $4.12 billion, a PE ratio of 12.81, a PEG ratio of 1.22 and a beta of 0.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.82 and a quick ratio of 0.82.
F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Tuesday, July 24th. The bank reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. F.N.B. had a return on equity of 7.70% and a net margin of 19.91%. The business had revenue of $304.00 million for the quarter, compared to the consensus estimate of $305.86 million. During the same period in the prior year, the business earned $0.23 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that F.N.B. Corp will post 1.1 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, September 15th. Investors of record on Tuesday, September 4th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Friday, August 31st. F.N.B.’s dividend payout ratio (DPR) is currently 51.61%.
In other news, Director Frank C. Mencini purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were acquired at an average cost of $13.07 per share, with a total value of $26,140.00. Following the purchase, the director now owns 32,681 shares in the company, valued at $427,140.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.63% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd acquired a new position in F.N.B. during the 2nd quarter worth approximately $124,000. Lourd Capital LLC acquired a new position in F.N.B. during the 3rd quarter worth approximately $131,000. ING Groep NV acquired a new position in F.N.B. during the 2nd quarter worth approximately $136,000. Winthrop Partners WNY LLC acquired a new position in F.N.B. during the 1st quarter worth approximately $142,000. Finally, First Allied Advisory Services Inc. acquired a new position in F.N.B. during the 2nd quarter worth approximately $155,000. 80.89% of the stock is currently owned by institutional investors and hedge funds.
About F.N.B. (NYSE:FNB)
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 four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. 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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