Boenning Scattergood restated their buy rating on shares of F.N.B. (NYSE:FNB) in a report published on Thursday, AnalystRatings.com reports. The brokerage currently has a $13.00 price objective on the bank’s stock. Boenning Scattergood also issued estimates for F.N.B.’s Q2 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.30 EPS, FY2019 earnings at $1.17 EPS and FY2020 earnings at $1.25 EPS.
Separately, Zacks Investment Research raised F.N.B. from a sell rating to a hold rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $14.75.
Shares of NYSE:FNB opened at $12.01 on Thursday. The company has a market cap of $3.89 billion, a P/E ratio of 10.63, a P/E/G ratio of 1.09 and a beta of 1.21. F.N.B. has a 1 year low of $9.35 and a 1 year high of $14.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 0.82.
F.N.B. (NYSE:FNB) last issued its earnings results on Tuesday, April 23rd. The bank reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $296.00 million for the quarter, compared to the consensus estimate of $298.73 million. F.N.B. had a return on equity of 8.50% and a net margin of 25.54%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. On average, analysts anticipate that F.N.B. will post 1.17 EPS for the current fiscal year.
In other news, Director Mary Jo Dively purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was bought at an average cost of $11.81 per share, for a total transaction of $35,430.00. Following the purchase, the director now owns 17,900 shares of the company’s stock, valued at $211,399. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William B. Campbell sold 2,900 shares of the stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $11.95, for a total value of $34,655.00. Following the completion of the transaction, the director now owns 82,240 shares of the company’s stock, valued at $982,768. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in FNB. Toronto Dominion Bank lifted its stake in shares of F.N.B. by 11,333.3% in the 4th quarter. Toronto Dominion Bank now owns 6,860 shares of the bank’s stock valued at $67,000 after acquiring an additional 6,800 shares during the last quarter. JNBA Financial Advisors bought a new position in shares of F.N.B. in the 4th quarter valued at $79,000. Pearl River Capital LLC bought a new position in F.N.B. during the 4th quarter worth $121,000. Oregon Public Employees Retirement Fund raised its position in F.N.B. by 896.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,272,952 shares of the bank’s stock worth $129,000 after purchasing an additional 1,145,191 shares during the last quarter. Finally, John G Ullman & Associates Inc. bought a new position in F.N.B. during the 4th quarter worth $156,000. Institutional investors own 78.55% of the company’s stock.
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.
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