Analysts Set Expectations for F.N.B. Corp.’s FY2018 Earnings (FNB)
F.N.B. Corp. (NYSE:FNB) – Investment analysts at Jefferies Group issued their FY2018 earnings estimates for F.N.B. Corp. in a report issued on Friday. Jefferies Group analyst C. Haire expects that the brokerage will post earnings of $1.10 per share for the year. Jefferies Group currently has a “Buy” rating and a $14.00 price target on the stock.
FNB has been the subject of a number of other research reports. Zacks Investment Research upgraded F.N.B. Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. FBR & Co reduced their price objective on F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating for the company in a research report on Friday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on F.N.B. Corp. from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.80.
Shares of F.N.B. Corp. (NYSE:FNB) traded up 1.398% during trading on Monday, hitting $12.695. 380,084 shares of the company traded hands. F.N.B. Corp. has a 52-week low of $11.16 and a 52-week high of $14.66. The company has a 50-day moving average of $12.29 and a 200-day moving average of $12.65. The stock has a market capitalization of $2.65 billion, a PE ratio of 17.343 and a beta of 1.02.
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F.N.B. Corp. (NYSE:FNB) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. F.N.B. Corp. had a net margin of 18.64% and a return on equity of 7.60%. During the same quarter in the previous year, the business earned $0.22 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ancora Inverness LLC purchased a new stake in F.N.B. Corp. during the second quarter worth approximately $129,000. Trust Co. of Toledo NA OH purchased a new stake in F.N.B. Corp. during the second quarter worth approximately $139,000. Capstone Asset Management Co. increased its stake in F.N.B. Corp. by 1.1% in the second quarter. Capstone Asset Management Co. now owns 11,819 shares of the company’s stock worth $148,000 after buying an additional 130 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in F.N.B. Corp. by 1,874.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,844 shares of the company’s stock worth $149,000 after buying an additional 11,244 shares in the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in F.N.B. Corp. during the second quarter worth approximately $154,000. Institutional investors own 68.51% of the company’s stock.
In other F.N.B. Corp. news, insider Gary L. Guerrieri purchased 4,058 shares of F.N.B. Corp. stock in a transaction on Thursday, August 11th. The stock was bought at an average price of $12.32 per share, for a total transaction of $49,994.56. Following the transaction, the insider now owns 54,622 shares of the company’s stock, valued at approximately $672,943.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent J. Delie, Jr. purchased 5,000 shares of F.N.B. Corp. stock in a transaction on Friday, July 29th. The shares were acquired at an average price of $11.97 per share, with a total value of $59,850.00. Following the transaction, the chief executive officer now directly owns 175,054 shares in the company, valued at approximately $2,095,396.38. The disclosure for this purchase can be found here. Company insiders own 1.63% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.83%. F.N.B. Corp.’s dividend payout ratio (DPR) is presently 64.86%.
F.N.B. Corp. Company Profile
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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