Today: F.N.B. Corp. (FNB) to Release Earnings on Wednesday

Today: F.N.B. Corp. (FNB) to Release Earnings on Wednesday

F.N.B. Corp. (NYSE:FNB) is scheduled to be announcing its Q316 earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $210.74 million for the quarter.

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 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 quarter in the previous year, the business earned $0.22 EPS. On average, analysts expect F.N.B. Corp. to post $0.79 EPS for the current fiscal year and $0.96 EPS for the next fiscal year.

Shares of F.N.B. Corp. (NYSE:FNB) opened at 12.30 on Monday. The firm’s 50 day moving average is $12.31 and its 200 day moving average is $12.64. F.N.B. Corp. has a 12 month low of $11.16 and a 12 month high of $14.66. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 16.80 and a beta of 1.02.

In related news, CEO Vincent J. Delie, Jr. bought 5,000 shares of the company’s stock in a transaction on Friday, July 29th. The shares were purchased at an average cost of $11.97 per share, with a total value of $59,850.00. Following the completion of the transaction, the chief executive officer now directly owns 175,054 shares of the company’s stock, valued at $2,095,396.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gary L. Guerrieri bought 4,058 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was bought at an average cost of $12.32 per share, for a total transaction of $49,994.56. Following the completion of the transaction, the insider now directly owns 54,622 shares of the company’s stock, valued at $672,943.04. The disclosure for this purchase can be found here. Corporate insiders own 1.63% of the company’s stock.

A number of large investors have recently modified their holdings of FNB. Teachers Advisors Inc. raised its stake in shares of F.N.B. Corp. by 4.1% in the second quarter. Teachers Advisors Inc. now owns 335,841 shares of the company’s stock valued at $4,211,000 after buying an additional 13,231 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of F.N.B. Corp. by 1.2% in the second quarter. TIAA CREF Investment Management LLC now owns 1,014,113 shares of the company’s stock valued at $12,717,000 after buying an additional 12,069 shares in the last quarter. FMR LLC raised its stake in shares of F.N.B. Corp. by 37.0% in the second quarter. FMR LLC now owns 3,873,500 shares of the company’s stock valued at $48,574,000 after buying an additional 1,046,900 shares in the last quarter. United Services Automobile Association raised its stake in shares of F.N.B. Corp. by 3.3% in the second quarter. United Services Automobile Association now owns 31,000 shares of the company’s stock valued at $389,000 after buying an additional 980 shares in the last quarter. Finally, Cipher Capital LP raised its stake in shares of F.N.B. Corp. by 84.6% in the second quarter. Cipher Capital LP now owns 223,106 shares of the company’s stock valued at $2,797,000 after buying an additional 102,218 shares in the last quarter. 68.51% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on FNB shares. Zacks Investment Research upgraded F.N.B. Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Jefferies Group reiterated a “buy” rating and set a $14.00 target price on shares of F.N.B. Corp. in a research note on Thursday, July 7th. JPMorgan Chase & Co. reduced their target price on F.N.B. Corp. from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. Finally, FBR & Co reduced their target price on F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating for the company in a research note on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $13.80.

About F.N.B. Corp.

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