Jefferies Group Comments on F.N.B. Corporation’s FY2017 Earnings (FNB)

Jefferies Group Comments on F.N.B. Corporation’s FY2017 Earnings (FNB)

F.N.B. Corporation (NYSE:FNB) – Equities research analysts at Jefferies Group cut their FY2017 earnings estimates for shares of F.N.B. Corporation in a note issued to investors on Monday. Jefferies Group analyst C. Haire now expects that the firm will post earnings of $1.03 per share for the year, down from their previous forecast of $1.04. Jefferies Group also issued estimates for F.N.B. Corporation’s FY2018 earnings at $1.13 EPS.

F.N.B. Corporation (NYSE:FNB) last issued its earnings results on Wednesday, January 18th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. F.N.B. Corporation had a return on equity of 7.87% and a net margin of 19.40%. During the same quarter in the prior year, the firm posted $0.22 EPS.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded F.N.B. Corporation from a “buy” rating to a “hold” rating in a research note on Monday. SunTrust Banks, Inc. assumed coverage on F.N.B. Corporation in a research note on Tuesday, December 20th. They set a “buy” rating and a $18.00 price target on the stock. Finally, FBR & Co upgraded F.N.B. Corporation from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $14.00 to $19.00 in a research note on Tuesday, December 20th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.40.

Shares of F.N.B. Corporation (NYSE:FNB) traded down 1.401% during mid-day trading on Wednesday, reaching $15.135. The company had a trading volume of 1,559,880 shares. The stock has a 50 day moving average of $15.81 and a 200-day moving average of $13.61. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 19.404 and a beta of 0.94. F.N.B. Corporation has a 52 week low of $11.44 and a 52 week high of $16.43.

A number of institutional investors have recently added to or reduced their stakes in the company. Round Table Services LLC acquired a new position in F.N.B. Corporation during the third quarter worth $129,000. Ancora Inverness LLC boosted its position in F.N.B. Corporation by 2.4% in the third quarter. Ancora Inverness LLC now owns 10,500 shares of the company’s stock worth $129,000 after buying an additional 250 shares during the last quarter. Raymond James Trust N.A. acquired a new position in F.N.B. Corporation during the third quarter worth $132,000. Capstone Asset Management Co. boosted its position in F.N.B. Corporation by 1.1% in the second quarter. Capstone Asset Management Co. now owns 11,819 shares of the company’s stock worth $148,000 after buying an additional 130 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in F.N.B. Corporation by 1,874.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,844 shares of the company’s stock worth $149,000 after buying an additional 11,244 shares during the last quarter. 77.29% of the stock is owned by institutional investors.

In related news, Director John S. Stanik bought 2,150 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were purchased at an average price of $12.77 per share, for a total transaction of $27,455.50. Following the completion of the purchase, the director now directly owns 26,279 shares of the company’s stock, valued at $335,582.83. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.63% of the stock is owned by corporate insiders.

F.N.B. Corporation Company Profile

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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