F.N.B. Corp. (FNB) Expected to Earn FY2018 Earnings of $1.10 Per Share
F.N.B. Corp. (NYSE:FNB) – Investment analysts at Jefferies Group issued their FY2018 earnings per share (EPS) estimates for F.N.B. Corp. in a note issued to investors on Friday. Jefferies Group analyst C. Haire forecasts that the brokerage will earn $1.10 per share for the year. Jefferies Group currently has a “Buy” rating and a $14.00 target price on the stock.
A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of F.N.B. Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. JPMorgan Chase & Co. dropped their price objective on shares of F.N.B. Corp. from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, July 7th. Finally, FBR & Co dropped their price objective on shares of F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating on the stock in a research report on Friday, July 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $13.80.
F.N.B. Corp. (NYSE:FNB) traded down 1.27% on Monday, reaching $12.47. 1,304,888 shares of the company’s stock were exchanged. The company has a market capitalization of $2.60 billion, a P/E ratio of 17.04 and a beta of 1.02. F.N.B. Corp. has a 1-year low of $11.16 and a 1-year high of $14.66. The firm has a 50-day moving average price of $12.30 and a 200-day moving average price of $12.65.
F.N.B. Corp. (NYSE:FNB) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. F.N.B. Corp. had a net margin of 18.64% and a return on equity of 7.60%. During the same quarter in the previous year, the firm posted $0.22 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Tuesday, August 30th. F.N.B. Corp.’s dividend payout ratio (DPR) is 64.86%.
In other F.N.B. Corp. news, insider Gary L. Guerrieri purchased 4,058 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average price of $12.32 per share, for a total transaction of $49,994.56. Following the purchase, the insider now directly owns 54,622 shares in the company, valued at $672,943.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert A. Hormell purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of $12.35 per share, with a total value of $37,050.00. Following the purchase, the director now owns 54,217 shares in the company, valued at $669,579.95. The disclosure for this purchase can be found here. 1.63% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its stake in shares of F.N.B. Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 71,594 shares of the company’s stock worth $881,000 after buying an additional 1,438 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of F.N.B. Corp. during the third quarter worth $4,088,000. Mason Street Advisors LLC acquired a new stake in shares of F.N.B. Corp. during the second quarter worth $1,193,000. Royal Bank of Canada boosted its stake in shares of F.N.B. Corp. by 90.8% in the second quarter. Royal Bank of Canada now owns 191,265 shares of the company’s stock worth $2,398,000 after buying an additional 91,012 shares in the last quarter. Finally, Financial Advantage Inc. boosted its stake in shares of F.N.B. Corp. by 1.2% in the second quarter. Financial Advantage Inc. now owns 333,042 shares of the company’s stock worth $4,176,000 after buying an additional 3,844 shares in the last quarter. Hedge funds and other institutional investors own 68.51% of the company’s stock.
F.N.B. Corp. Company Profile
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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