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

F.N.B. (NYSE:FNB - Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.33 per share and revenue of $407,996.00 billion for the quarter.

F.N.B. (NYSE:FNB - Get Free Report) last posted its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The business had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. 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. Stock Up 3.0 %

NYSE:FNB traded up $0.45 during trading hours on Wednesday, reaching $15.55. The company's stock had a trading volume of 2,843,773 shares, compared to its average volume of 2,354,153. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 14.27 and a beta of 1.01. The business's 50-day moving average is $15.81 and its 200-day moving average is $14.81. F.N.B. has a one year low of $12.49 and a one year high of $17.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.

F.N.B. Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Stephens lifted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods upped their price objective on F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Raymond James lifted their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company cut their price objective on F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.00.

Insider Buying and Selling

In related 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 completion of the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is currently owned by corporate insiders.

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.

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