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 three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services. The company also provides consumer banking products and services, such as deposit products, mortgage and consumer lending services, and mobile and online banking services; and wealth management services comprising personal and corporate fiduciary services comprising administration of decedent and trust estates; securities brokerage and investment advisory services, mutual funds, and annuities; and commercial and personal insurance, and reinsurance products, as well as mezzanine financing options for small- to medium-sized businesses. As of December 31, 2021, it operated 334 banking offices in Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C., and Virginia. F.N.B. Corporation was founded in 1864 and is headquartered in Pittsburgh, Pennsylvania.
F.N.B. Stock Performance
FNB opened at $12.01 on Tuesday. The business's 50-day moving average price is $11.36 and its two-hundred day moving average price is $12.13. F.N.B. has a 1 year low of $10.48 and a 1 year high of $14.11. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 11.02 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.85.
F.N.B. (NYSE:FNB - Get Rating) last released its earnings results on Wednesday, July 20th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $335.80 million for the quarter, compared to the consensus estimate of $336.17 million. F.N.B. had a return on equity of 8.04% and a net margin of 27.30%. F.N.B.'s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. Equities analysts expect that F.N.B. will post 1.29 EPS for the current fiscal year.
F.N.B. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, September 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, September 1st. F.N.B.'s dividend payout ratio (DPR) is currently 44.04%.
Analyst Upgrades and Downgrades
FNB has been the subject of a number of research reports. DA Davidson reiterated a "buy" rating on shares of F.N.B. in a research report on Wednesday, July 27th. Truist Financial dropped their price target on F.N.B. from $16.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, July 6th. Finally, Jefferies Financial Group dropped their price target on F.N.B. from $13.00 to $12.00 in a report on Monday, July 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.