F.N.B. (NYSE:FNB) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

F.N.B. (NYSE:FNB - Get Free Report) announced its quarterly earnings data on Wednesday. The bank reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.02, Zacks reports. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The company had revenue of $411.61 million during the quarter, compared to analysts' expectations of $409.52 million. During the same quarter in the prior year, the company earned $0.34 EPS.

F.N.B. Trading Down 1.3 %

NYSE:FNB traded down $0.17 during mid-day trading on Monday, hitting $12.44. 5,206,244 shares of the stock traded hands, compared to its average volume of 2,458,750. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 3.60 and a beta of 0.86. F.N.B. has a 52 week low of $10.88 and a 52 week high of $17.70. The firm's 50 day moving average is $13.50 and its two-hundred day moving average is $14.75.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is 38.10%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective on the stock in a research report on Monday. DA Davidson reiterated a "buy" rating and issued a $19.00 price target on shares of F.N.B. in a research note on Thursday. Wells Fargo & Company lowered their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler dropped their target price on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $17.75.

Insider Buying and Selling

In other news, Director William B. Campbell bought 3,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the purchase, the director now directly owns 158,834 shares in the company, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David L. Motley sold 15,000 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the transaction, the director now owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.37% of the stock is owned by corporate insiders.

About F.N.B.

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.