F.N.B. Corp. (FNB) Scheduled to Post Earnings on Wednesday
F.N.B. Corp. (NYSE:FNB) will announce its Q316 earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $210.74 million for the quarter.
F.N.B. Corp. (NYSE:FNB) last posted its earnings results on Thursday, July 21st. The company reported $0.19 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 quarter last year, the company earned $0.22 EPS. On average, analysts expect F.N.B. Corp. to post $0.79 EPS for the current fiscal year and $0.96 EPS for the next fiscal year.
Shares of F.N.B. Corp. (NYSE:FNB) opened at 12.16 on Tuesday. F.N.B. Corp. has a 52-week low of $11.16 and a 52-week high of $14.66. The firm has a market capitalization of $2.53 billion, a P/E ratio of 16.61 and a beta of 1.02. The company’s 50-day moving average is $12.31 and its 200 day moving average is $12.62.
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Several equities research analysts have commented on FNB shares. Zacks Investment Research downgraded shares of F.N.B. Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 25th. JPMorgan Chase & Co. dropped their price objective on shares of F.N.B. Corp. from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. FBR & Co dropped their price objective on shares of F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating on the stock in a report on Friday, July 22nd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $14.00 price objective on shares of F.N.B. Corp. in a report on Thursday, July 7th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. F.N.B. Corp. currently has a consensus rating of “Buy” and a consensus target price of $13.80.
In related news, insider Gary L. Guerrieri purchased 4,058 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were purchased at an average cost of $12.32 per share, for a total transaction of $49,994.56. Following the completion of the transaction, the insider now directly owns 54,622 shares in the company, valued at approximately $672,943.04. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert A. Hormell purchased 3,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were bought at an average price of $12.35 per share, for a total transaction of $37,050.00. Following the completion of the transaction, the director now owns 54,217 shares of the company’s stock, valued at $669,579.95. The disclosure for this purchase can be found here. Insiders own 1.63% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. BlackRock Investment Management LLC boosted its stake in shares of F.N.B. Corp. by 8.9% in the second quarter. BlackRock Investment Management LLC now owns 1,430,631 shares of the company’s stock valued at $17,940,000 after buying an additional 116,629 shares in the last quarter. BlackRock Inc. boosted its position in F.N.B. Corp. by 20.2% in the second quarter. BlackRock Inc. now owns 139,022 shares of the company’s stock valued at $1,743,000 after buying an additional 23,316 shares during the period. BlackRock Fund Advisors boosted its position in F.N.B. Corp. by 5.0% in the second quarter. BlackRock Fund Advisors now owns 13,710,886 shares of the company’s stock valued at $171,935,000 after buying an additional 655,903 shares during the period. Ameritas Investment Partners Inc. boosted its position in F.N.B. Corp. by 5.4% in the second quarter. Ameritas Investment Partners Inc. now owns 49,367 shares of the company’s stock valued at $619,000 after buying an additional 2,514 shares during the period. Finally, HighTower Advisors LLC boosted its position in F.N.B. Corp. by 72.7% in the second quarter. HighTower Advisors LLC now owns 138,228 shares of the company’s stock valued at $1,737,000 after buying an additional 58,182 shares during the period. Hedge funds and other institutional investors own 68.65% of the company’s stock.
About F.N.B. Corp.
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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