F.N.B. Corporation (NYSE:FNB) – Stock analysts at Jefferies Group issued their FY2019 earnings per share (EPS) estimates for shares of F.N.B. Corporation in a report released on Monday. Jefferies Group analyst C. Haire expects that the bank will post earnings per share of $1.14 for the year. Jefferies Group currently has a “Buy” rating and a $18.00 target price on the stock.
A number of other brokerages have also weighed in on FNB. ValuEngine upgraded shares of F.N.B. Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.00 price target on shares of F.N.B. Corporation in a report on Tuesday, October 3rd. BidaskClub upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of F.N.B. Corporation in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.39.
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Shares of F.N.B. Corporation (FNB) traded down 0.07% during mid-day trading on Tuesday, reaching $13.99. The company’s stock had a trading volume of 1,630,228 shares. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 18.01 and a beta of 0.97. F.N.B. Corporation has a 1-year low of $12.02 and a 1-year high of $16.43. The firm’s 50 day moving average price is $13.20 and its 200-day moving average price is $13.77.
F.N.B. Corporation (NYSE:FNB) last announced its earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $284.50 million for the quarter, compared to analyst estimates of $294.39 million. F.N.B. Corporation had a return on equity of 6.97% and a net margin of 19.43%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in F.N.B. Corporation by 25,256.7% during the 1st quarter. BlackRock Inc. now owns 36,800,404 shares of the bank’s stock worth $547,224,000 after buying an additional 36,655,273 shares during the period. Vanguard Group Inc. increased its stake in F.N.B. Corporation by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 27,139,637 shares of the bank’s stock worth $384,298,000 after buying an additional 781,511 shares during the period. State Street Corp increased its stake in F.N.B. Corporation by 3.2% during the 2nd quarter. State Street Corp now owns 18,107,627 shares of the bank’s stock worth $256,409,000 after buying an additional 555,996 shares during the period. Neuberger Berman Group LLC increased its stake in F.N.B. Corporation by 16.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,400,820 shares of the bank’s stock worth $161,436,000 after buying an additional 1,620,392 shares during the period. Finally, FMR LLC increased its stake in F.N.B. Corporation by 15.5% during the 2nd quarter. FMR LLC now owns 9,337,204 shares of the bank’s stock worth $132,214,000 after buying an additional 1,253,800 shares during the period. 76.41% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director William B. Campbell sold 3,000 shares of F.N.B. Corporation stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $13.90, for a total transaction of $41,700.00. Following the transaction, the director now owns 84,370 shares in the company, valued at approximately $1,172,743. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank C. Mencini bought 2,500 shares of F.N.B. Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average price of $13.57 per share, for a total transaction of $33,925.00. Following the acquisition, the director now directly owns 19,977 shares in the company, valued at approximately $271,087.89. The disclosure for this purchase can be found here. Insiders own 1.21% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.43%. F.N.B. Corporation’s payout ratio is 61.54%.
About F.N.B. Corporation
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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