F.N.B. (NYSE:FNB) Releases Earnings Results, Beats Estimates By $0.03 EPS

F.N.B. (NYSE:FNB - Get Free Report) issued its earnings results on Thursday. The bank reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03, Zacks reports. F.N.B. had a return on equity of 7.97% and a net margin of 17.78%.

F.N.B. Stock Up 2.5%

NYSE:FNB traded up $0.40 during midday trading on Thursday, reaching $15.91. The company had a trading volume of 6,477,985 shares, compared to its average volume of 2,674,633. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.91 and a beta of 0.92. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39. The stock's fifty day simple moving average is $14.44 and its 200-day simple moving average is $14.22. F.N.B. has a 12-month low of $10.88 and a 12-month high of $17.70.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.02%. F.N.B.'s payout ratio is presently 38.10%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Truist Financial boosted their price objective on F.N.B. from $16.50 to $17.50 and gave the company a "buy" rating in a research report on Friday, July 11th. Keefe, Bruyette & Woods upgraded F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 target price for the company in a report on Monday, April 21st. DA Davidson reiterated a "buy" rating and issued a $19.00 price objective on shares of F.N.B. in a report on Thursday, April 17th. Finally, Wall Street Zen raised F.N.B. from a "sell" rating to a "hold" rating in a research note on Sunday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $18.00.

Institutional Trading of F.N.B.

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in F.N.B. by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank's stock valued at $2,058,000 after buying an additional 29,248 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of F.N.B. by 11.6% during the 1st quarter. Royal Bank of Canada now owns 274,466 shares of the bank's stock worth $3,692,000 after buying an additional 28,570 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in F.N.B. by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank's stock valued at $14,112,000 after purchasing an additional 58,672 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank's stock valued at $20,353,000 after purchasing an additional 660,387 shares in the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

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.

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