F.N.B. (NYSE:FNB) Announces Quarterly Earnings Results

F.N.B. (NYSE:FNBGet Rating) issued its quarterly earnings data on Tuesday. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02, MarketWatch Earnings reports. F.N.B. had a return on equity of 8.40% and a net margin of 27.57%. During the same quarter in the previous year, the firm posted $0.30 EPS.

F.N.B. Stock Performance

Shares of FNB opened at $13.11 on Tuesday. The company has a market cap of $4.60 billion, a PE ratio of 11.60 and a beta of 1.08. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $13.25 and a 200-day moving average price of $12.73. F.N.B. has a 12-month low of $10.48 and a 12-month high of $14.71.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Friday, March 3rd will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, March 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.66%. F.N.B.’s dividend payout ratio (DPR) is presently 42.48%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FNB shares. Keefe, Bruyette & Woods lowered F.N.B. from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $16.00 to $15.50 in a report on Monday, December 12th. Raymond James lifted their target price on F.N.B. from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, October 20th. StockNews.com started coverage on F.N.B. in a report on Wednesday, October 12th. They set a “hold” rating for the company. Truist Financial lifted their target price on F.N.B. from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 20th. Finally, Wells Fargo & Company lifted their target price on F.N.B. from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, December 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and a consensus target price of $15.30.

Institutional Trading of F.N.B.

Hedge funds have recently bought and sold shares of the company. First Command Bank bought a new stake in F.N.B. in the 2nd quarter worth approximately $27,000. Virtu Financial LLC bought a new stake in F.N.B. in the 1st quarter worth approximately $131,000. Occudo Quantitative Strategies LP bought a new stake in F.N.B. in the 2nd quarter worth approximately $116,000. Covestor Ltd lifted its position in F.N.B. by 57.8% in the 1st quarter. Covestor Ltd now owns 10,783 shares of the bank’s stock worth $134,000 after buying an additional 3,948 shares during the last quarter. Finally, Forum Financial Management LP bought a new stake in F.N.B. in the 1st quarter worth approximately $142,000. Institutional investors own 76.07% of the company’s stock.

About F.N.B.

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F.N.B. Corp. is a financial holding company. It engages in the provision of financial services to consumers, corporations, governments, and small to medium-sized businesses. The firm operates through the following segments: Community Banking, Wealth Management, Insurance, and Other. The Community Banking segment includes commercial and consumer banking services.

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Earnings History for F.N.B. (NYSE:FNB)

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