F.N.B. Corp (NYSE:FNB) – Equities researchers at SunTrust Banks dropped their Q1 2017 EPS estimates for shares of F.N.B. Corp in a note issued to investors on Thursday. SunTrust Banks analyst M. Young now forecasts that the brokerage will earn $0.22 per share for the quarter, down from their prior forecast of $0.23. SunTrust Banks currently has a “Buy” rating and a $18.00 target price on the stock. SunTrust Banks also issued estimates for F.N.B. Corp’s Q3 2017 earnings at $0.25 EPS, Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $0.98 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.32 EPS.
F.N.B. Corp (NYSE:FNB) last released its earnings results on Wednesday, January 18th. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. F.N.B. Corp had a net margin of 19.40% and a return on equity of 7.87%. During the same quarter last year, the firm posted $0.22 earnings per share.
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Several other research firms have also issued reports on FNB. Zacks Investment Research upgraded shares of F.N.B. Corp from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Monday, December 26th. FBR & Co upgraded shares of F.N.B. Corp from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $14.00 to $19.00 in a research report on Tuesday, December 20th. DA Davidson began coverage on shares of F.N.B. Corp in a research report on Monday, March 6th. They set a “buy” rating and a $19.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $17.00 price target on shares of F.N.B. Corp in a research report on Wednesday, March 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $16.86.
Shares of F.N.B. Corp (NYSE:FNB) opened at 15.10 on Monday. F.N.B. Corp has a 12-month low of $11.69 and a 12-month high of $16.43. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 19.36 and a beta of 0.93. The firm’s 50-day moving average is $15.43 and its 200-day moving average is $14.39.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Thursday, March 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.18%. F.N.B. Corp’s dividend payout ratio is 61.54%.
In related news, Director Robert J. Mccarthy, Jr. sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $15.46, for a total value of $309,200.00. Following the completion of the transaction, the director now owns 280,774 shares of the company’s stock, valued at approximately $4,340,766.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frank C. Mencini acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The stock was bought at an average cost of $14.87 per share, with a total value of $44,610.00. Following the purchase, the director now owns 13,407 shares in the company, valued at $199,362.09. The disclosure for this purchase can be found here. Company insiders own 1.63% of the company’s stock.
A number of institutional investors have recently modified their holdings of FNB. Royal Bank of Canada increased its position in shares of F.N.B. Corp by 90.8% in the second quarter. Royal Bank of Canada now owns 191,265 shares of the company’s stock valued at $2,398,000 after buying an additional 91,012 shares during the last quarter. Foundry Partners LLC bought a new position in shares of F.N.B. Corp during the third quarter valued at approximately $4,088,000. Oregon Public Employees Retirement Fund increased its position in shares of F.N.B. Corp by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 71,594 shares of the company’s stock valued at $881,000 after buying an additional 1,438 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of F.N.B. Corp during the third quarter valued at approximately $132,000. Finally, Creative Planning increased its position in shares of F.N.B. Corp by 63.8% in the third quarter. Creative Planning now owns 73,549 shares of the company’s stock valued at $905,000 after buying an additional 28,640 shares during the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.
About F.N.B. Corp
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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