F.N.B. Corporation (NYSE:FNB) insider Robert M. Moorehead bought 5,000 shares of F.N.B. Corporation stock in a transaction dated Friday, November 3rd. The stock was purchased at an average cost of $13.46 per share, with a total value of $67,300.00. Following the completion of the acquisition, the insider now directly owns 25,312 shares in the company, valued at approximately $340,699.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of F.N.B. Corporation (NYSE:FNB) opened at $13.05 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. F.N.B. Corporation has a 52 week low of $12.02 and a 52 week high of $16.43. The stock has a market cap of $4,241.83, a price-to-earnings ratio of 13.96, a P/E/G ratio of 1.50 and a beta of 0.94.
F.N.B. Corporation (NYSE:FNB) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $291.38 million during the quarter, compared to analyst estimates of $299.47 million. F.N.B. Corporation had a net margin of 19.95% and a return on equity of 6.81%. During the same quarter in the previous year, the business earned $0.24 EPS. research analysts forecast that F.N.B. Corporation will post 0.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Thursday, November 30th. F.N.B. Corporation’s dividend payout ratio is currently 62.34%.
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A number of equities analysts have recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and set a $18.00 target price on shares of F.N.B. Corporation in a research note on Friday, August 11th. ValuEngine upgraded F.N.B. Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.00 target price on shares of F.N.B. Corporation in a report on Tuesday, October 3rd. BidaskClub cut F.N.B. Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Zacks Investment Research cut F.N.B. Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. F.N.B. Corporation presently has an average rating of “Buy” and a consensus price target of $17.39.
Institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of F.N.B. Corporation during the second quarter valued at about $273,000. Louisiana State Employees Retirement System increased its stake in F.N.B. Corporation by 4.2% in the second quarter. Louisiana State Employees Retirement System now owns 84,300 shares of the bank’s stock valued at $1,194,000 after acquiring an additional 3,400 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in F.N.B. Corporation by 12.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 81,448 shares of the bank’s stock valued at $1,153,000 after acquiring an additional 9,243 shares during the period. Rafferty Asset Management LLC bought a new stake in F.N.B. Corporation in the second quarter valued at about $674,000. Finally, BlueCrest Capital Management Ltd bought a new stake in F.N.B. Corporation in the second quarter valued at about $5,600,000. 77.15% of the stock is owned by institutional investors and hedge funds.
About F.N.B. Corporation
F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.
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