F.N.B. (NYSE:FNB) Releases Quarterly Earnings Results

F.N.B. (NYSE:FNB) announced its quarterly earnings results on Thursday. The bank reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02, Briefing.com reports. F.N.B. had a return on equity of 8.59% and a net margin of 25.55%. The company had revenue of $309.80 million during the quarter, compared to the consensus estimate of $306.42 million. During the same period in the prior year, the company earned $0.30 earnings per share.

Shares of F.N.B. stock opened at $11.99 on Friday. F.N.B. has a 1 year low of $9.35 and a 1 year high of $12.49. The business has a 50-day moving average of $11.32 and a two-hundred day moving average of $11.43. The company has a market capitalization of $3.90 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 1.16 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.85 and a quick ratio of 0.83.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Tuesday, December 3rd will be issued a $0.12 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 4.00%. F.N.B.’s dividend payout ratio (DPR) is currently 42.48%.

In other news, Director James D. Chiafullo acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $10.85 per share, for a total transaction of $32,550.00. Following the completion of the acquisition, the director now owns 66,847 shares in the company, valued at $725,289.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David L. Motley acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $11.12 per share, with a total value of $27,800.00. Following the completion of the acquisition, the director now owns 36,320 shares of the company’s stock, valued at approximately $403,878.40. The disclosure for this purchase can be found here. Insiders acquired 6,000 shares of company stock valued at $66,460 over the last 90 days. Corporate insiders own 0.59% of the company’s stock.

Several equities research analysts have issued reports on FNB shares. ValuEngine downgraded F.N.B. from a “hold” rating to a “sell” rating in a report on Wednesday. Wells Fargo & Co increased their price target on F.N.B. from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday. Zacks Investment Research upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Raymond James increased their price target on F.N.B. from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. F.N.B. currently has an average rating of “Hold” and a consensus price target of $13.50.

F.N.B. Company Profile

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 three segments: Community Banking, Wealth Management, and Insurance. 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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Earnings History for F.N.B. (NYSE:FNB)

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