F.N.B. Corporation (FNB) Getting Somewhat Positive News Coverage, Analysis Finds
Media coverage about F.N.B. Corporation (NYSE:FNB) has trended somewhat positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. F.N.B. Corporation earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.9519029814035 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- Include Money Stock in Portfolio: FNB Corporation (FNB) with 3.71% Dividend Yield – Voice Of Analysts (analystsbuzz.com)
- The Current Analyst Recommendations for FNB Corporation (FNB), Starbucks Corporation (SBUX) – AllStockNews (allstocknews.com)
- Boenning Scattergood Upgrades F.N.B. Corporation (FNB) to “Outperform” (americanbankingnews.com)
- F.N.B. Corporation (NYSE:FNB) Stock Closed Below Its 50 Day Average (highlightpress.com)
- What Is Insider Trading Activity Like At F.N.B. Corporation (FNB … – Economic News (economicsandmoney.com)
FNB has been the subject of a number of research analyst reports. Jefferies Group LLC set a $18.00 price target on F.N.B. Corporation and gave the stock a “buy” rating in a report on Saturday, May 6th. BidaskClub cut F.N.B. Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Wells Fargo & Company initiated coverage on F.N.B. Corporation in a report on Friday, June 2nd. They set an “outperform” rating for the company. ValuEngine cut F.N.B. Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded F.N.B. Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $17.75.
Shares of F.N.B. Corporation (FNB) traded down 0.70% during midday trading on Monday, hitting $12.85. The stock had a trading volume of 1,230,841 shares. F.N.B. Corporation has a 52 week low of $11.86 and a 52 week high of $16.43. The stock’s 50-day moving average price is $13.53 and its 200 day moving average price is $14.28. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 16.54 and a beta of 0.94.
F.N.B. Corporation (NYSE:FNB) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.23. The business had revenue of $284.50 million during the quarter, compared to analyst estimates of $294.39 million. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The company’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. On average, equities analysts forecast that F.N.B. Corporation will post $0.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.74%. F.N.B. Corporation’s dividend payout ratio is 61.54%.
In other F.N.B. Corporation news, insider Gary L. Guerrieri sold 7,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $13.19, for a total transaction of $92,330.00. Following the completion of the transaction, the insider now owns 38,407 shares in the company, valued at $506,588.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William B. Campbell sold 3,000 shares of the 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 transaction, the director now owns 84,370 shares of the company’s stock, valued at approximately $1,172,743. The disclosure for this sale can be found here. 1.21% of the stock is currently owned by corporate insiders.
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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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