F.N.B. Corp. (NYSE:FNB) – Jefferies Group issued their FY2018 earnings estimates for shares of F.N.B. Corp. in a research report issued to clients and investors on Friday. Jefferies Group analyst C. Haire expects that the brokerage will post earnings of $1.10 per share for the year. Jefferies Group has a “Buy” rating and a $14.00 price objective on the stock.
Several other brokerages have also commented on FNB. Zacks Investment Research upgraded F.N.B. Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. JPMorgan Chase & Co. dropped their price target on F.N.B. Corp. from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Finally, FBR & Co dropped their price target on F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating on the stock in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.80.
Shares of F.N.B. Corp. (NYSE:FNB) traded up 0.24% on Monday, hitting $12.50. The stock had a trading volume of 1,252,059 shares. F.N.B. Corp. has a 52 week low of $11.16 and a 52 week high of $14.66. The company has a 50-day moving average of $12.31 and a 200 day moving average of $12.65. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 17.08 and a beta of 1.02.
F.N.B. Corp. (NYSE:FNB) last issued its earnings results on Thursday, July 21st. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. F.N.B. Corp. had a return on equity of 7.60% and a net margin of 18.64%. During the same period in the prior year, the company earned $0.22 EPS.
Several hedge funds have recently modified their holdings of FNB. Ancora Inverness LLC bought a new stake in shares of F.N.B. Corp. during the second quarter valued at approximately $129,000. Raymond James Trust N.A. bought a new stake in shares of F.N.B. Corp. during the third quarter valued at approximately $132,000. Trust Co. of Toledo NA OH bought a new stake in shares of F.N.B. Corp. during the second quarter valued at approximately $139,000. Capstone Asset Management Co. increased its stake in shares of F.N.B. Corp. by 1.1% in the second quarter. Capstone Asset Management Co. now owns 11,819 shares of the company’s stock valued at $148,000 after buying an additional 130 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of F.N.B. Corp. by 1,874.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,844 shares of the company’s stock valued at $149,000 after buying an additional 11,244 shares during the period. 68.51% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Robert A. Hormell acquired 3,000 shares of the stock in a transaction dated Monday, August 8th. The stock was purchased at an average cost of $12.35 per share, with a total value of $37,050.00. Following the completion of the purchase, the director now directly owns 54,217 shares in the company, valued at approximately $669,579.95. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Vincent J. Delie, Jr. acquired 5,000 shares of the stock in a transaction dated Friday, July 29th. The stock was bought at an average cost of $11.97 per share, with a total value of $59,850.00. Following the completion of the purchase, the chief executive officer now owns 175,054 shares of the company’s stock, valued at $2,095,396.38. The disclosure for this purchase can be found here. 1.63% of the stock is owned by insiders.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Tuesday, August 30th. F.N.B. Corp.’s dividend payout ratio (DPR) is presently 64.86%.
About F.N.B. Corp.