F.N.B. Corp. (FNB) to Post Q1 2017 Earnings of $0.23 Per Share, Jefferies Group Forecasts
F.N.B. Corp. (NYSE:FNB) – Research analysts at Jefferies Group issued their Q1 2017 earnings estimates for F.N.B. Corp. in a research report issued on Tuesday. Jefferies Group analyst C. Haire expects that the brokerage will post earnings per share of $0.23 for the quarter. Jefferies Group currently has a “Buy” rating and a $14.00 target price on the stock. Jefferies Group also issued estimates for F.N.B. Corp.’s Q2 2017 earnings at $0.23 EPS, Q3 2017 earnings at $0.25 EPS and Q4 2017 earnings at $0.27 EPS.
FNB has been the subject of several 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 dropped their price target 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. dropped their price target 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 equities research 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 company currently has a consensus rating of “Hold” and a consensus target price of $13.80.
Shares of F.N.B. Corp. (NYSE:FNB) traded down 2.40% on Thursday, hitting $12.20. The stock had a trading volume of 1,164,974 shares. 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 $12.31 and a 200-day moving average of $12.64. The company has a market cap of $2.54 billion, a P/E ratio of 16.67 and a beta of 1.02.
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F.N.B. Corp. (NYSE:FNB) last announced its earnings results on Thursday, July 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.02. F.N.B. Corp. had a return on equity of 7.60% and a net margin of 18.64%. During the same period in the prior year, the business posted $0.22 earnings per share.
Several hedge funds have recently made changes to their positions in FNB. Capstone Asset Management Co. raised its stake in shares of 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 during the last quarter. United Services Automobile Association raised its stake in shares of F.N.B. Corp. by 3.3% in the second quarter. United Services Automobile Association now owns 31,000 shares of the company’s stock worth $389,000 after buying an additional 980 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in shares of F.N.B. Corp. by 2.5% in the second quarter. HBK Sorce Advisory LLC now owns 49,561 shares of the company’s stock worth $621,000 after buying an additional 1,206 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of F.N.B. Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 71,594 shares of the company’s stock worth $881,000 after buying an additional 1,438 shares during the last quarter. Finally, Commonwealth Equity Services Inc raised its stake in shares of F.N.B. Corp. by 7.8% in the first quarter. Commonwealth Equity Services Inc now owns 23,730 shares of the company’s stock worth $309,000 after buying an additional 1,720 shares during the last quarter. Hedge funds and other institutional investors own 68.51% of the company’s stock.
In other news, insider Gary L. Guerrieri purchased 4,058 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average price of $12.32 per share, for a total transaction of $49,994.56. Following the completion of the acquisition, the insider now owns 54,622 shares of the company’s stock, valued at $672,943.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent J. Delie, Jr. purchased 5,000 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was purchased at an average price of $11.97 per share, with a total value of $59,850.00. Following the acquisition, the chief executive officer now directly owns 175,054 shares of the company’s stock, 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 announced 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 was Tuesday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.84%. 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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