FNB (FNB) to Release Quarterly Earnings on Tuesday

FNB (NYSE:FNB) is set to issue its quarterly earnings data before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

FNB (NYSE:FNB) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The firm had revenue of $295.14 million during the quarter, compared to the consensus estimate of $295.89 million. FNB had a net margin of 16.00% and a return on equity of 6.69%. During the same quarter last year, the firm earned $0.24 earnings per share. On average, analysts expect FNB to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

FNB stock opened at $13.34 on Tuesday. The firm has a market cap of $4,299.63, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. FNB has a 52-week low of $12.02 and a 52-week high of $15.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.16.

In other news, Director Frank C. Mencini bought 2,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $13.81 per share, with a total value of $27,620.00. Following the completion of the purchase, the director now directly owns 24,611 shares of the company’s stock, valued at $339,877.91. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela A. Bena bought 2,750 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $14.15 per share, with a total value of $38,912.50. Following the purchase, the director now directly owns 3,850 shares of the company’s stock, valued at $54,477.50. The disclosure for this purchase can be found here. Insiders have purchased 6,250 shares of company stock valued at $86,633 in the last three months. 0.63% of the stock is owned by insiders.

FNB has been the subject of several analyst reports. Zacks Investment Research raised shares of FNB from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.50 price target on shares of FNB in a research note on Friday, December 22nd. ValuEngine downgraded shares of FNB from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. SunTrust Banks reaffirmed a “buy” rating and set a $17.00 price target on shares of FNB in a research note on Tuesday, January 9th. Finally, Boenning Scattergood initiated coverage on shares of FNB in a research note on Tuesday, January 23rd. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. FNB has an average rating of “Buy” and a consensus price target of $16.89.

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About FNB

F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.

Earnings History for FNB (NYSE:FNB)

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