F.N.B. Corporation (FNB) to Release Quarterly Earnings on Thursday
F.N.B. Corporation (NYSE:FNB) will post its quarterly earnings results before the market opens on Thursday, October 19th. Analysts expect F.N.B. Corporation to post earnings of $0.24 per share for the quarter.
F.N.B. Corporation (NYSE:FNB) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The firm had revenue of $284.50 million during the quarter, compared to analyst estimates of $294.39 million. During the same quarter in the prior year, the business posted $0.22 earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, analysts expect F.N.B. Corporation to post $0.95 EPS for the current fiscal year and $1.09 EPS for the next fiscal year.
F.N.B. Corporation (NYSE FNB) opened at 14.00 on Thursday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 18.02 and a beta of 0.97. The company has a 50-day moving average of $13.20 and a 200 day moving average of $13.77. F.N.B. Corporation has a 52-week low of $12.02 and a 52-week high of $16.43.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Wednesday, August 30th. F.N.B. Corporation’s dividend payout ratio is presently 61.54%.
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Several research firms have recently issued reports on FNB. Boenning Scattergood reaffirmed a “hold” rating on shares of F.N.B. Corporation in a research report on Friday, July 21st. Zacks Investment Research raised F.N.B. Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. BidaskClub lowered F.N.B. Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Jefferies Group LLC reissued a “buy” rating and issued a $18.00 target price on shares of F.N.B. Corporation in a research report on Friday, August 11th. Finally, ValuEngine raised F.N.B. Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.39.
In other F.N.B. Corporation news, insider Gary L. Guerrieri sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $13.19, for a total value of $92,330.00. Following the completion of the transaction, the insider now owns 38,407 shares of the company’s stock, valued at approximately $506,588.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank C. Mencini purchased 2,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were purchased at an average price of $13.57 per share, with a total value of $33,925.00. Following the completion of the purchase, the director now owns 19,977 shares in the company, valued at $271,087.89. The disclosure for this purchase can be found here. 1.21% of the stock is currently owned by insiders.
About F.N.B. Corporation
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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