F.N.B. Corp (NYSE:FNB) – Investment analysts at Jefferies Financial Group dropped their FY2019 earnings per share estimates for F.N.B. in a research note issued to investors on Tuesday, July 9th. Jefferies Financial Group analyst C. Haire now anticipates that the bank will earn $1.19 per share for the year, down from their previous forecast of $1.20. Jefferies Financial Group also issued estimates for F.N.B.’s FY2020 earnings at $1.20 EPS.
Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Gold Resource from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Boenning Scattergood reaffirmed a “neutral” rating on shares of United Bankshares in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $15.00.
NYSE FNB opened at $11.75 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s fifty day moving average price is $11.51. F.N.B. has a 1 year low of $9.35 and a 1 year high of $13.88. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 1.04 and a beta of 1.25.
F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. F.N.B. had a net margin of 25.54% and a return on equity of 8.50%. The firm had revenue of $296.00 million for the quarter, compared to analyst estimates of $298.73 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Friday, May 31st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Thursday, May 30th. F.N.B.’s payout ratio is presently 42.48%.
In related news, Director Mary Jo Dively acquired 4,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were bought at an average cost of $12.36 per share, with a total value of $49,440.00. Following the completion of the transaction, the director now directly owns 21,900 shares of the company’s stock, valued at $270,684. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.59% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of FNB. Gibson Capital LLC acquired a new stake in shares of F.N.B. in the 2nd quarter valued at approximately $214,000. First Trust Advisors LP boosted its stake in shares of F.N.B. by 5.9% in the 1st quarter. First Trust Advisors LP now owns 1,097,191 shares of the bank’s stock valued at $11,630,000 after purchasing an additional 60,758 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of F.N.B. by 203,033.3% in the 1st quarter. Marshall Wace LLP now owns 18,282 shares of the bank’s stock valued at $194,000 after purchasing an additional 18,273 shares in the last quarter. FSI Group LLC acquired a new stake in shares of F.N.B. in the 1st quarter valued at approximately $189,000. Finally, Trexquant Investment LP boosted its stake in shares of F.N.B. by 32.5% in the 1st quarter. Trexquant Investment LP now owns 150,241 shares of the bank’s stock valued at $1,593,000 after purchasing an additional 36,878 shares in the last quarter. 76.08% of the stock is currently owned by institutional investors.
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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