SunTrust Banks reiterated their buy rating on shares of F.N.B. (NYSE:FNB) in a report published on Tuesday. The brokerage currently has a $17.00 target price on the bank’s stock. SunTrust Banks also issued estimates for F.N.B.’s Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.17 EPS and FY2019 earnings at $1.27 EPS.
FNB has been the topic of several other reports. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $16.50 price target on shares of F.N.B. in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of F.N.B. from a sell rating to a hold rating in a research note on Monday, October 2nd. Stephens assumed coverage on shares of F.N.B. in a research note on Wednesday, December 13th. They set an equal weight rating for the company. Royal Bank of Canada reiterated a hold rating and set a $15.00 target price on shares of F.N.B. in a research note on Friday, October 20th. Finally, ValuEngine lowered shares of F.N.B. from a buy rating to a hold rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. F.N.B. has an average rating of Buy and an average price target of $17.20.
F.N.B. (NYSE FNB) traded up $0.05 on Tuesday, reaching $14.49. 1,909,400 shares of the company traded hands, compared to its average volume of 2,273,256. The firm has a market capitalization of $4,670.00, a PE ratio of 18.58, a PEG ratio of 1.36 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. F.N.B. has a 1 year low of $12.02 and a 1 year high of $16.33.
F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $291.38 million for the quarter, compared to analysts’ expectations of $299.47 million. F.N.B. had a net margin of 19.95% and a return on equity of 6.81%. During the same period in the prior year, the company posted $0.24 earnings per share. sell-side analysts predict that F.N.B. will post 0.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.48 annualized dividend and a yield of 3.31%. F.N.B.’s payout ratio is 61.54%.
In other news, insider Robert M. Moorehead purchased 5,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was acquired at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the transaction, the insider now owns 25,312 shares of the company’s stock, valued at $340,699.52. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank C. Mencini purchased 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $12.93 per share, with a total value of $25,860.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 8,500 shares of company stock valued at $113,350. 1.21% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Franklin Street Advisors Inc. NC bought a new position in shares of F.N.B. during the fourth quarter worth about $139,000. Atlantic Trust Group LLC grew its position in shares of F.N.B. by 17.9% during the third quarter. Atlantic Trust Group LLC now owns 138,030 shares of the bank’s stock worth $1,936,000 after acquiring an additional 20,990 shares during the last quarter. Algert Global LLC bought a new position in shares of F.N.B. during the third quarter worth about $619,000. Highlander Capital Management LLC bought a new position in shares of F.N.B. during the third quarter worth about $394,000. Finally, Kalos Management Inc. grew its position in shares of F.N.B. by 3.0% during the third quarter. Kalos Management Inc. now owns 187,143 shares of the bank’s stock worth $2,625,000 after acquiring an additional 5,413 shares during the last quarter. Institutional investors and hedge funds own 75.96% of the company’s stock.
F.N.B. 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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