F.N.B. Corp (FNB) is Reiterated by FBR Capital to Mkt Perform, Lowers Price Target to $ 13

F.N.B. Corp (FNB) was Reiterated by FBR Capital to “Mkt Perform” while Lowering the Price Target of the company shares to $ 13 from a previous price target of $14 . FBR Capital advised their investors in a research report released on Jul 22, 2016.

On the company’s financial health, F.N.B. Corp reported $0.22 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $0.22.Analysts expectations of $ 203.92.During the same quarter in the previous year, the company posted $0.22 EPS.

F.N.B. Corp opened for trading at $13.25 and hit $13.25 on the upside on Wednesday, eventually ending the session at $13.2, with a gain of 0.15% or 0.02 points. The heightened volatility saw the trading volume jump to 8,20,936 shares. Company has a market cap of $2,769 M.

In a different news, on May 4, 2016, Frank C Mencini (director) purchased 1,550 shares at $12.82 per share price. According to the SEC, on Feb 10, 2016, William B Campbell (director) sold 2,500 shares at $12.25 per share price. On Feb 5, 2016, Laura E Ellsworth (director) purchased 3,181 shares at $12.04 per share price, according to the Form-4 filing with the securities and exchange commission.

F.N.B. Corporation is a financial holding company. The Company has four business segments: Community Banking Wealth Management Insurance and Consumer Finance. The Company also operates other non-banking subsidiaries. The Company’s 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 instalment loans. The Company’s Wealth Management segment delivers wealth management services to individuals corporations and retirement funds as well as existing customers of Community Banking. The Company’s Insurance segment operates principally through First National Insurance Agency LLC (FNIA) which is a subsidiary of the Corporation. The Company’s Consumer Finance segment operates through its subsidiary Regency Finance Company.

F.N.B. Corp

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