F.N.B. Corp (NYSE:FNB) – Equities research analysts at Jefferies Financial Group increased their FY2020 EPS estimates for F.N.B. in a research report issued on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now expects that the bank will earn $1.13 per share for the year, up from their prior estimate of $1.12.
F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. F.N.B. had a net margin of 20.94% and a return on equity of 8.03%. The firm had revenue of $309.60 million for the quarter, compared to analyst estimates of $313.18 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year.
F.N.B. stock opened at $10.84 on Friday. F.N.B. has a 52 week low of $9.35 and a 52 week high of $14.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $3.47 billion, a P/E ratio of 11.66, a PEG ratio of 0.98 and a beta of 1.12.
The business also recently announced a quarterly dividend, which was paid on Saturday, December 15th. Shareholders of record on Monday, December 3rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Friday, November 30th. F.N.B.’s dividend payout ratio (DPR) is currently 51.61%.
In other F.N.B. news, Chairman Vincent J. Delie, Jr. acquired 6,500 shares of F.N.B. stock in a transaction that occurred on Friday, October 26th. The stock was acquired at an average price of $11.21 per share, with a total value of $72,865.00. Following the purchase, the chairman now owns 262,829 shares in the company, valued at $2,946,313.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vincent J. Calabrese acquired 5,000 shares of F.N.B. stock in a transaction that occurred on Friday, October 26th. The stock was acquired at an average cost of $11.21 per share, with a total value of $56,050.00. Following the purchase, the chief financial officer now owns 115,974 shares in the company, valued at approximately $1,300,068.54. The disclosure for this purchase can be found here. Insiders have acquired a total of 22,500 shares of company stock valued at $257,895 in the last three months. Company insiders own 0.63% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in FNB. Qube Research & Technologies Ltd acquired a new stake in shares of F.N.B. in the 2nd quarter valued at $124,000. Lourd Capital LLC acquired a new stake in shares of F.N.B. in the 3rd quarter valued at $131,000. Virtu Financial LLC acquired a new stake in shares of F.N.B. in the 3rd quarter valued at $145,000. Blair William & Co. IL acquired a new stake in shares of F.N.B. in the 3rd quarter valued at $161,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of F.N.B. in the 3rd quarter valued at $185,000. 79.75% of the stock is owned by institutional investors and hedge funds.
F.N.B. Company Profile
F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
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