F.N.B. (NYSE:FNB) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

F.N.B. (NYSE:FNB) released its quarterly earnings data on Wednesday. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01, Yahoo Finance reports. F.N.B. had a net margin of 21.77% and a return on equity of 9.98%. During the same period in the prior year, the firm earned $0.40 earnings per share.

F.N.B. Stock Performance

Shares of FNB stock traded up $0.02 during trading hours on Wednesday, reaching $12.81. 1,861,957 shares of the company’s stock were exchanged, compared to its average volume of 2,089,680. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.90. The company’s 50 day moving average is $13.46 and its two-hundred day moving average is $12.73. The company has a market cap of $4.60 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 8.95 and a beta of 1.02. F.N.B. has a 1 year low of $10.09 and a 1 year high of $14.19.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.75%. The ex-dividend date was Tuesday, March 5th. F.N.B.’s payout ratio is 36.36%.

Wall Street Analysts Forecast Growth

FNB has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Bank of America started coverage on shares of F.N.B. in a report on Thursday, January 11th. They issued a “buy” rating and a $15.00 target price on the stock. Raymond James increased their price target on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Finally, StockNews.com cut shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Insider Activity at F.N.B.

In related news, Director William B. Campbell acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average price of $13.41 per share, with a total value of $33,525.00. Following the completion of the acquisition, the director now owns 145,388 shares in the company, valued at $1,949,653.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.22% of the company’s stock.

Institutional Trading of F.N.B.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in F.N.B. by 4.1% in the 1st quarter. BlackRock Inc. now owns 44,998,378 shares of the bank’s stock valued at $521,981,000 after purchasing an additional 1,761,208 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of F.N.B. by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock valued at $541,806,000 after buying an additional 156,120 shares during the period. State Street Corp boosted its position in F.N.B. by 5.3% during the first quarter. State Street Corp now owns 18,756,218 shares of the bank’s stock worth $233,515,000 after acquiring an additional 942,178 shares during the last quarter. Macquarie Group Ltd. grew its stake in F.N.B. by 0.3% in the 1st quarter. Macquarie Group Ltd. now owns 12,879,470 shares of the bank’s stock worth $149,402,000 after acquiring an additional 34,932 shares during the period. Finally, Geode Capital Management LLC raised its holdings in F.N.B. by 4.8% in the 1st quarter. Geode Capital Management LLC now owns 5,071,412 shares of the bank’s stock valued at $58,828,000 after acquiring an additional 233,391 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.