FY2017 EPS Estimates for F.N.B. Corporation (FNB) Decreased by FIG Partners
F.N.B. Corporation (NYSE:FNB) – Equities research analysts at FIG Partners cut their FY2017 earnings per share (EPS) estimates for F.N.B. Corporation in a research report issued to clients and investors on Thursday. FIG Partners analyst B. Martin now forecasts that the bank will post earnings per share of $0.94 for the year, down from their previous estimate of $0.95. FIG Partners has a “Outperform” rating and a $16.00 price objective on the stock.
FNB has been the topic of several other reports. BidaskClub downgraded shares of F.N.B. Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $15.00 price target on shares of F.N.B. Corporation in a research note on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and set a $18.00 price target on shares of F.N.B. Corporation in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.00 price target on shares of F.N.B. Corporation in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $17.39.
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Shares of F.N.B. Corporation (NYSE FNB) opened at 13.59 on Monday. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 17.49 and a beta of 0.97. The firm’s 50-day moving average is $13.41 and its 200-day moving average is $13.73. F.N.B. Corporation has a 12-month low of $12.02 and a 12-month high of $16.43.
F.N.B. Corporation (NYSE:FNB) last posted its earnings results on Thursday, October 19th. The bank reported $0.24 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.24. F.N.B. Corporation had a net margin of 19.95% and a return on equity of 6.81%. The firm had revenue of $291.38 million for the quarter, compared to analyst estimates of $299.47 million. During the same period in the previous year, the firm posted $0.24 EPS.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, November 30th. F.N.B. Corporation’s dividend payout ratio (DPR) is currently 62.34%.
In related news, Director Frank C. Mencini purchased 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average price of $13.57 per share, for a total transaction of $33,925.00. Following the completion of the acquisition, the director now directly owns 19,977 shares in the company, valued at approximately $271,087.89. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William B. Campbell sold 3,000 shares of F.N.B. Corporation stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $13.90, for a total transaction of $41,700.00. Following the completion of the sale, the director now owns 84,370 shares in the company, valued at approximately $1,172,743. The disclosure for this sale can be found here. Insiders own 1.21% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FNB. Ffcm LLC bought a new stake in F.N.B. Corporation in the second quarter valued at $114,000. Stifel Financial Corp boosted its holdings in F.N.B. Corporation by 1.9% in the second quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after acquiring an additional 202 shares in the last quarter. Park National Corp OH bought a new stake in F.N.B. Corporation in the third quarter valued at $162,000. Jane Street Group LLC bought a new stake in F.N.B. Corporation in the first quarter valued at $169,000. Finally, Round Table Services LLC bought a new stake in F.N.B. Corporation in the second quarter valued at $172,000. Institutional investors and hedge funds own 76.41% of the company’s stock.
F.N.B. Corporation 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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