F.N.B. (NYSE:FNB - Get Free Report) released its quarterly earnings results on Thursday. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03, Zacks reports. The firm had revenue of $438.21 million during the quarter, compared to analyst estimates of $424.39 million. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. During the same quarter last year, the business earned $0.34 EPS.
F.N.B. Stock Performance
Shares of F.N.B. stock traded down $0.06 during trading hours on Monday, reaching $16.02. 2,266,726 shares of the stock traded hands, compared to its average volume of 2,656,932. The company has a 50 day moving average price of $14.53 and a 200 day moving average price of $14.23. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 0.96 and a beta of 0.92. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.41. F.N.B. has a one year low of $10.88 and a one year high of $17.70.
F.N.B. Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.48 annualized dividend and a yield of 3.00%. F.N.B.'s payout ratio is 37.50%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of F.N.B. by 5.9% during 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 worth $14,112,000 after acquiring an additional 58,672 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of F.N.B. by 77.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank's stock worth $20,353,000 after acquiring an additional 660,387 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in F.N.B. by 23.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank's stock worth $2,058,000 after acquiring an additional 29,248 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of F.N.B. by 11.6% during the first quarter. Royal Bank of Canada now owns 274,466 shares of the bank's stock worth $3,692,000 after purchasing an additional 28,570 shares during the period. 79.25% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $18.50 price objective (up from $16.50) on shares of F.N.B. in a report on Monday. Wall Street Zen raised shares of F.N.B. from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. DA Davidson set a $19.00 price objective on shares of F.N.B. and gave the stock a "buy" rating in a research report on Monday. Finally, Truist Financial increased their price target on shares of F.N.B. from $16.50 to $17.50 and gave the company a "buy" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, F.N.B. presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.57.
Check Out Our Latest Report on F.N.B.
F.N.B. Company Profile
(
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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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