F.N.B. (FNB) Scheduled to Post Earnings on Wednesday

F.N.B. (NYSE:FNB) will release its earnings data after the market closes on Wednesday, April 17th. Analysts expect F.N.B. to post earnings of $0.33 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

F.N.B. (NYSE:FNB) last issued its earnings results on Monday, January 22nd. The bank reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The business had revenue of $337.11 million for the quarter, compared to analyst estimates of $403.84 million. F.N.B. had a net margin of 21.77% and a return on equity of 9.98%. The firm’s revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. On average, analysts expect F.N.B. to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

F.N.B. Price Performance

NYSE:FNB opened at $13.00 on Tuesday. F.N.B. has a 12 month low of $10.09 and a 12 month high of $14.19. The firm has a market cap of $4.67 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 8.98 and a beta of 1.02. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $13.46 and its two-hundred day moving average price is $12.71.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Wednesday, March 6th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Tuesday, March 5th. F.N.B.’s dividend payout ratio (DPR) is 36.36%.

Analysts Set New Price Targets

A number of research firms recently weighed in on FNB. Raymond James boosted 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. StockNews.com downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Wells Fargo & Company upped their target price on shares of F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Finally, Bank of America initiated coverage on shares of F.N.B. in a research note on Thursday, January 11th. They issued a “buy” rating and a $15.00 target price for the company. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Insiders Place Their Bets

In other news, Director William B. Campbell purchased 2,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $13.41 per share, with a total value of $33,525.00. Following the completion of the transaction, the director now owns 145,388 shares of the company’s stock, valued at approximately $1,949,653.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.03% of the company’s stock.

Institutional Trading of F.N.B.

A number of hedge funds have recently modified their holdings of FNB. Prelude Capital Management LLC bought a new position in F.N.B. in the 3rd quarter valued at about $155,000. Eudaimonia Partners LLC bought a new position in F.N.B. in the 1st quarter valued at about $153,000. Forum Financial Management LP bought a new position in F.N.B. in the 1st quarter valued at about $142,000. Covestor Ltd grew its holdings in shares of F.N.B. by 57.8% during the 1st quarter. Covestor Ltd now owns 10,783 shares of the bank’s stock valued at $134,000 after purchasing an additional 3,948 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of F.N.B. during the 1st quarter valued at approximately $131,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

About F.N.B.

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.