F.N.B. (NYSE:FNB) Issues Earnings Results

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

F.N.B. Stock Performance

NYSE:FNB traded up $0.02 during trading hours on Wednesday, reaching $12.81. The company had a trading volume of 1,861,957 shares, compared to its average volume of 2,089,680. The firm’s 50 day moving average price is $13.46 and its 200-day moving average price is $12.73. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 8.95 and a beta of 1.02. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. F.N.B. has a 52 week low of $10.09 and a 52 week high of $14.19.

F.N.B. Announces Dividend

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

Analyst Ratings Changes

FNB has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. StockNews.com downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Bank of America began coverage on shares of F.N.B. in a research note on Thursday, January 11th. They set a “buy” rating and a $15.00 price objective for the company. Finally, Raymond James increased their price target on shares of F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Insider Activity

In other news, Director William B. Campbell acquired 2,500 shares of F.N.B. stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $13.41 per share, for a total transaction of $33,525.00. Following the completion of the transaction, the director now owns 145,388 shares in the company, valued at $1,949,653.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its position in F.N.B. by 86.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 801,142 shares of the bank’s stock valued at $11,032,000 after purchasing an additional 371,658 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of F.N.B. by 13.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 155,333 shares of the bank’s stock valued at $2,139,000 after buying an additional 18,975 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of F.N.B. by 2.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 155,456 shares of the bank’s stock valued at $2,141,000 after buying an additional 4,345 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in shares of F.N.B. by 38.6% during the 4th quarter. Chartwell Investment Partners LLC now owns 941,653 shares of the bank’s stock valued at $12,966,000 after acquiring an additional 262,050 shares during the period. Finally, Barclays PLC increased its holdings in F.N.B. by 2.9% in the 4th quarter. Barclays PLC now owns 810,438 shares of the bank’s stock worth $11,160,000 after acquiring an additional 22,595 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.