F.N.B. Co. (NYSE:FNB) – Equities research analysts at Jefferies Financial Group lifted their FY2022 earnings per share estimates for shares of F.N.B. in a research report issued on Monday, July 19th. Jefferies Financial Group analyst C. Haire now anticipates that the bank will post earnings per share of $1.09 for the year, up from their prior forecast of $1.05. Jefferies Financial Group has a “Hold” rating and a $12.00 price objective on the stock.
F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Sunday, July 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. F.N.B. had a return on equity of 7.79% and a net margin of 25.73%. During the same quarter in the prior year, the firm earned $0.26 earnings per share.
Shares of FNB opened at $11.58 on Wednesday. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 10.92 and a beta of 1.34. The company’s 50-day moving average is $12.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.87 and a quick ratio of 0.87. F.N.B. has a 52 week low of $6.37 and a 52 week high of $13.82.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Friday, September 3rd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Thursday, September 2nd. F.N.B.’s payout ratio is currently 50.00%.
Institutional investors have recently added to or reduced their stakes in the business. South Dakota Investment Council grew its stake in F.N.B. by 0.3% in the first quarter. South Dakota Investment Council now owns 247,793 shares of the bank’s stock valued at $3,147,000 after purchasing an additional 781 shares in the last quarter. Carret Asset Management LLC increased its stake in shares of F.N.B. by 1.3% in the 4th quarter. Carret Asset Management LLC now owns 62,464 shares of the bank’s stock valued at $593,000 after acquiring an additional 825 shares during the last quarter. Marcum Wealth LLC grew its holdings in shares of F.N.B. by 2.4% during the first quarter. Marcum Wealth LLC now owns 36,952 shares of the bank’s stock worth $469,000 after buying an additional 864 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of F.N.B. by 8.7% in the 1st quarter. Neuberger Berman Group LLC now owns 12,075 shares of the bank’s stock valued at $140,000 after acquiring an additional 966 shares during the period. Finally, Corient Capital Partners LLC boosted its stake in F.N.B. by 11.8% in the 1st quarter. Corient Capital Partners LLC now owns 13,566 shares of the bank’s stock valued at $172,000 after purchasing an additional 1,428 shares during the period. 74.32% of the stock is currently owned by hedge funds and other institutional investors.
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.
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