F.N.B. (NYSE:FNB) Announces Earnings Results, Beats Expectations By $0.02 EPS

F.N.B. (NYSE:FNB) issued its quarterly earnings data on Wednesday. The bank reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02, Zacks reports. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. The business had revenue of $411.61 million for the quarter, compared to analysts’ expectations of $409.52 million. During the same period last year, the business earned $0.34 EPS.

F.N.B. Price Performance

FNB opened at $12.26 on Thursday. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 3.60 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $13.68 and a 200-day moving average price of $14.76. F.N.B. has a twelve month low of $10.88 and a twelve month high of $17.70.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a dividend of $0.12 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.92%. F.N.B.’s dividend payout ratio is presently 38.10%.

Insider Buying and Selling

In other news, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of the transaction, the director now directly owns 65,344 shares of the company’s stock, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William B. Campbell purchased 3,000 shares of F.N.B. stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, with a total value of $46,710.00. Following the completion of the transaction, the director now directly owns 158,834 shares in the company, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. DA Davidson boosted their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Piper Sandler cut their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price target on F.N.B. from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, F.N.B. presently has an average rating of “Moderate Buy” and an average target price of $18.17.

F.N.B. Company Profile

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.