Latest F Group News
Jul 25, 2020
Corp (NYSE:FNB) Posted by Erica Schwartz on Jul 25th, 2020 Daily Ratings & News for F.N.B. Complete the form below to receive the latest headlines and analysts' recommendations for F.N.B. with our free daily email newsletter: F.N.B. Corp (NYSE:FNB) – Jefferies Financial Group dropped their Q4 2020 earnings estimates for F.N.B. in a report released on Monday, July 20th. Jefferies Financial Group analyst C. Haire now expects that the bank will earn $0.05 per share for the quarter, down from their previous estimate of $0.08. Jefferies Financial Group also issued estimates for F.N.B.’s Q1 2021 earnings at $0.09 EPS, Q3 2021 earnings at $0.13 EPS, Q4 2021 earnings at $0.16 EPS and FY2021 earnings at $0.48 EPS. Get F.N.B. alerts: F.N.B. (NYSE:FNB) last issued its earnings results on Thursday, July 16th. The bank reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.15. The firm had revenue of $305.59 million for the quarter, compared to the consensus estimate of $297.20 million. F.N.B. had a return on equity of 7.19% and a net margin of 21.82%. Several other equities research analysts also recently weighed in on FNB. Zacks Investment Research raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, May 25th. DA Davidson cut their price objective on F.N.B. from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, April 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $13.00. NYSE FNB opened at $7.67 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.34. F.N.B. has a twelve month low of $5.05 and a twelve month high of $12.93. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 7.75 and a beta of 1.34. The business’s fifty day moving average is $7.58 and its 200 day moving average is $8.85. The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.26%. The ex-dividend date is Thursday, September 3rd. F.N.B.’s dividend payout ratio is currently 40.68%. In related news, CEO Vincent J. Delie, Jr. bought 20,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $6.50 per share, with a total value of $130,000.00. Following the transaction, the chief executive officer now directly owns 567,821 shares in the company, valued at $3,690,836.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Over the last ninety days, insiders have purchased 26,500 shares of company stock valued at $174,195. 0.59% of the stock is owned by corporate insiders. Several hedge funds have recently bought and sold shares of FNB. Congress Asset Management Co. MA raised its holdings in shares of F.N.B. by 2.5% in the 2nd quarter. Congress Asset Management Co. MA now owns 106,058 shares of the bank’s stock worth $795,000 after purchasing an additional 2,600 shares during the period. New York State Teachers Retirement System raised its holdings in F.N.B. by 13.5% during the 2nd quarter. New York State Teachers Retirement System now owns 196,900 shares of the bank’s stock valued at $1,477,000 after acquiring an additional 23,400 shares during the period. Assenagon Asset Management S.A. bought a new stake in F.N.B. during the 2nd quarter valued at $1,092,000. Zeke Capital Advisors LLC raised its holdings in F.N.B. by 5.5% during the 2nd quarter. Zeke Capital Advisors LLC now owns 58,229 shares of the bank’s stock valued at $437,000 after acquiring an additional 3,012 shares during the period. Finally, SG Americas Securities LLC bought a new stake in F.N.B. during the 2nd quarter valued at $117,000. 72.08% of the stock is owned by hedge funds and other institutional investors. 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.