F.N.B. (NYSE:FNB) Announces Quarterly Earnings Results

F.N.B. (NYSE:FNB) posted its earnings results on Thursday. The bank reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02, Briefing.com reports. F.N.B. had a return on equity of 8.55% and a net margin of 25.79%. During the same period in the prior year, the firm earned $0.30 earnings per share.

F.N.B. stock traded down $0.01 during trading hours on Thursday, hitting $12.01. The stock had a trading volume of 103,795 shares, compared to its average volume of 1,680,421. F.N.B. has a one year low of $9.35 and a one year high of $12.49. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 1.12 and a beta of 1.29. The business’s 50 day simple moving average is $11.26 and its 200-day simple moving average is $11.42.

Several equities analysts have commented on FNB shares. Zacks Investment Research upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Raymond James increased their target price on F.N.B. from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, ValuEngine downgraded F.N.B. from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. F.N.B. has an average rating of “Hold” and a consensus target price of $13.33.

In related news, Director David L. Motley acquired 2,500 shares of the stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of $11.12 per share, for a total transaction of $27,800.00. Following the completion of the transaction, the director now directly owns 36,320 shares of the company’s stock, valued at $403,878.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James D. Chiafullo acquired 3,000 shares of the stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $10.85 per share, with a total value of $32,550.00. Following the completion of the transaction, the director now directly owns 66,847 shares of the company’s stock, valued at $725,289.95. The disclosure for this purchase can be found here. Insiders have bought 6,000 shares of company stock valued at $66,460 over the last 90 days. 0.59% of the stock is owned by corporate insiders.

F.N.B. Company Profile

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.

Further Reading: Rule of 72

Earnings History for F.N.B. (NYSE:FNB)

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