F.N.B. Corp (NYSE:FNB) – Equities researchers at DA Davidson boosted their Q2 2019 earnings estimates for F.N.B. in a research report issued to clients and investors on Tuesday, January 22nd, Zacks Investment Research reports. DA Davidson analyst R. Gunther now forecasts that the bank will post earnings of $0.29 per share for the quarter, up from their previous estimate of $0.28. DA Davidson also issued estimates for F.N.B.’s Q3 2019 earnings at $0.31 EPS, FY2019 earnings at $1.17 EPS, Q1 2020 earnings at $0.31 EPS, Q2 2020 earnings at $0.31 EPS and Q3 2020 earnings at $0.32 EPS.
A number of other equities analysts have also recently issued reports on FNB. TheStreet cut F.N.B. from a “b-” rating to a “c+” rating in a report on Friday, December 21st. Zacks Investment Research cut F.N.B. from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. F.N.B. presently has an average rating of “Hold” and a consensus target price of $16.00.
FNB traded down $0.10 on Friday, reaching $11.87. The stock had a trading volume of 1,826,202 shares, compared to its average volume of 2,571,511. F.N.B. has a fifty-two week low of $9.35 and a fifty-two week high of $14.91. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.88 billion, a PE ratio of 10.50, a PEG ratio of 1.09 and a beta of 1.22.
F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. F.N.B. had a return on equity of 8.42% and a net margin of 25.65%. The business had revenue of $300.67 million during the quarter, compared to the consensus estimate of $303.18 million. During the same period in the prior year, the company earned $0.24 EPS.
In other news, Director William B. Campbell sold 2,900 shares of the stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $11.95, for a total value of $34,655.00. Following the completion of the sale, the director now owns 82,240 shares of the company’s stock, valued at $982,768. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary Jo Dively purchased 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The stock was bought at an average cost of $11.81 per share, with a total value of $35,430.00. Following the purchase, the director now owns 17,900 shares of the company’s stock, valued at approximately $211,399. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 7,000 shares of company stock valued at $83,960. Insiders own 0.63% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of F.N.B. by 4.2% in the fourth quarter. BlackRock Inc. now owns 36,804,150 shares of the bank’s stock valued at $362,153,000 after buying an additional 1,496,332 shares during the period. Vanguard Group Inc. increased its stake in shares of F.N.B. by 1.7% in the third quarter. Vanguard Group Inc. now owns 29,783,874 shares of the bank’s stock valued at $378,851,000 after buying an additional 488,170 shares during the period. Vanguard Group Inc increased its stake in shares of F.N.B. by 1.7% in the third quarter. Vanguard Group Inc now owns 29,783,874 shares of the bank’s stock valued at $378,851,000 after buying an additional 488,170 shares during the period. FMR LLC boosted its position in shares of F.N.B. by 7.2% during the 2nd 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of F.N.B. by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,841,852 shares of the bank’s stock valued at $99,750,000 after purchasing an additional 88,343 shares in the last quarter. 78.59% of the stock is owned by institutional investors.
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.