F.N.B. Corp (NYSE:FNB) – Boenning Scattergood dropped their Q3 2019 earnings per share (EPS) estimates for F.N.B. in a note issued to investors on Tuesday, January 22nd. Boenning Scattergood analyst M. Schultheis now forecasts that the bank will post earnings per share of $0.30 for the quarter, down from their previous forecast of $0.31. Boenning Scattergood also issued estimates for F.N.B.’s FY2019 earnings at $1.20 EPS.
F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $300.67 million during the quarter, compared to analyst estimates of $303.18 million. F.N.B. had a net margin of 20.94% and a return on equity of 8.03%. During the same period in the prior year, the firm earned $0.24 earnings per share.
NYSE:FNB opened at $11.57 on Wednesday. F.N.B. has a 52 week low of $9.35 and a 52 week high of $14.91. The company has a market capitalization of $3.71 billion, a P/E ratio of 12.44, a PEG ratio of 1.04 and a beta of 1.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 0.81.
In other news, Director Mary Jo Dively acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were purchased at an average price of $12.24 per share, for a total transaction of $36,720.00. Following the completion of the acquisition, the director now owns 11,900 shares of the company’s stock, valued at approximately $145,656. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Barry C. Robinson acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The stock was purchased at an average price of $11.21 per share, for a total transaction of $28,025.00. Following the acquisition, the insider now directly owns 36,552 shares of the company’s stock, valued at approximately $409,747.92. The disclosure for this purchase can be found here. Insiders purchased 22,500 shares of company stock worth $257,895 in the last 90 days. 0.63% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in F.N.B. by 7.2% during the second quarter. FMR LLC now owns 16,787,190 shares of the bank’s stock valued at $225,284,000 after purchasing an additional 1,125,120 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in F.N.B. by 174.8% during the second quarter. Advisors Asset Management Inc. now owns 16,306 shares of the bank’s stock valued at $212,000 after purchasing an additional 10,373 shares during the last quarter. Nomura Holdings Inc. grew its holdings in F.N.B. by 238.8% during the second quarter. Nomura Holdings Inc. now owns 38,540 shares of the bank’s stock valued at $517,000 after purchasing an additional 27,166 shares during the last quarter. Lourd Capital LLC acquired a new position in F.N.B. during the third quarter valued at approximately $131,000. Finally, Bank of Montreal Can grew its holdings in F.N.B. by 67.9% during the third quarter. Bank of Montreal Can now owns 56,238 shares of the bank’s stock valued at $716,000 after purchasing an additional 22,751 shares during the last quarter. Hedge funds and other institutional investors own 79.33% of the company’s stock.
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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