F.N.B. (FNB) to Release Quarterly Earnings on Wednesday

F.N.B. (NYSE:FNB) will likely be posting its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect F.N.B. to post earnings of $0.33 per share and revenue of $407,996.00 billion for the quarter.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The company had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. On average, analysts expect F.N.B. to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

F.N.B. Trading Up 3.0 %

NYSE:FNB traded up $0.45 during mid-day trading on Wednesday, hitting $15.55. The company had a trading volume of 2,843,773 shares, compared to its average volume of 2,354,153. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. F.N.B. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The firm has a market cap of $5.59 billion, a P/E ratio of 14.27 and a beta of 1.01. The business’s fifty day moving average is $15.81 and its two-hundred day moving average is $14.81.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.09%. F.N.B.’s dividend payout ratio is 44.04%.

Insider Buying and Selling

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. 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 sale, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FNB. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Wells Fargo & Company decreased their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their price objective on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Raymond James boosted their target price on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Stephens raised their price target on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and an average target price of $18.00.

F.N.B. Company Profile

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.