F.N.B. (NYSE:FNB) Posts Earnings Results, Beats Estimates By $0.05 EPS

F.N.B. (NYSE:FNB) issued its earnings results on Wednesday. The bank reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05, Zacks reports. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%.

F.N.B. Trading Up 2.3 %

FNB opened at $15.97 on Wednesday. F.N.B. has a 1-year low of $12.49 and a 1-year high of $17.70. The stock has a market capitalization of $5.74 billion, a PE ratio of 14.65, a PEG ratio of 4.82 and a beta of 1.01. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $15.72 and a two-hundred day moving average price of $14.88.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Monday, December 2nd. F.N.B.’s dividend payout ratio is currently 44.04%.

Insider Transactions at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now owns 1,652,229 shares in the company, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FNB shares. Raymond James raised their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company decreased their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Stephens lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

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.