F.N.B. (NYSE:FNB) Issues Quarterly Earnings Results

F.N.B. (NYSE:FNB) issued its earnings results on Wednesday. The bank reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05, Zacks reports. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%.

F.N.B. Stock Performance

Shares of NYSE:FNB opened at $15.97 on Wednesday. F.N.B. has a 1 year low of $12.49 and a 1 year high of $17.70. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 4.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The company’s 50 day simple moving average is $15.72 and its 200 day simple moving average is $14.88.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.’s dividend payout ratio is currently 44.04%.

Insiders Place Their Bets

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the transaction, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. This represents a 7.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Stephens boosted their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods raised their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company reduced their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Raymond James raised their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.00.

About F.N.B.

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.