F.N.B. Corp (NYSE:FNB) – Research analysts at DA Davidson upped their FY2019 earnings estimates for F.N.B. in a note issued to investors on Monday, October 21st. DA Davidson analyst R. Gunther now forecasts that the bank will post earnings of $1.17 per share for the year, up from their prior estimate of $1.15.
F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, October 17th. The bank reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. F.N.B. had a return on equity of 8.59% and a net margin of 25.55%. The company had revenue of $309.80 million during the quarter, compared to analysts’ expectations of $306.42 million. During the same period last year, the business posted $0.30 EPS.
Shares of F.N.B. stock opened at $12.14 on Thursday. The business has a 50-day moving average of $11.49 and a 200 day moving average of $11.46. F.N.B. has a 12 month low of $9.35 and a 12 month high of $12.49. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 1.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.85 and a quick ratio of 0.85.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Tuesday, December 3rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s payout ratio is presently 42.48%.
In related news, Director David L. Motley acquired 2,500 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $11.12 per share, for a total transaction of $27,800.00. Following the purchase, the director now owns 36,320 shares of the company’s stock, valued at approximately $403,878.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James D. Chiafullo acquired 3,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $10.85 per share, with a total value of $32,550.00. Following the purchase, the director now directly owns 66,847 shares in the company, valued at approximately $725,289.95. The disclosure for this purchase can be found here. Insiders bought a total of 6,500 shares of company stock valued at $72,495 in the last quarter. Company insiders own 0.59% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP lifted its stake in F.N.B. by 203,033.3% during the first quarter. Marshall Wace LLP now owns 18,282 shares of the bank’s stock worth $194,000 after purchasing an additional 18,273 shares during the last quarter. First Trust Advisors LP lifted its stake in F.N.B. by 5.9% during the first quarter. First Trust Advisors LP now owns 1,097,191 shares of the bank’s stock worth $11,630,000 after purchasing an additional 60,758 shares during the last quarter. Gibson Capital LLC purchased a new stake in F.N.B. during the second quarter worth approximately $214,000. Fagan Associates Inc. lifted its stake in F.N.B. by 5.9% during the second quarter. Fagan Associates Inc. now owns 30,390 shares of the bank’s stock worth $358,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in F.N.B. by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 131,220 shares of the bank’s stock worth $1,544,000 after purchasing an additional 1,855 shares during the last quarter. Institutional investors and hedge funds own 74.94% 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 three segments: Community Banking, Wealth Management, and Insurance. 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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