Revenue Update on F.N.B. Corp(NYSE:FNB)

F.N.B. Corp(NYSE:FNB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $208.57M. Analysts estimated a revenue of $204.58M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.21.

In a different note, On Jul 7, 2016, JP Morgan said it Maintains its rating on F.N.B. Corp. In the research note, the firm Lowers the price-target to $14.00 per share. The shares have been rated ‘Neutral’ by the firm.

F.N.B. Corp (FNB) made into the market gainers list on Wednesdays trading session with the shares advancing 0.15% or 0.02 points. Due to strong positive momentum, the stock ended at $13.2, which is also near the day’s high of $13.25. The stock began the session at $13.25 and the volume stood at 8,20,936 shares. The 52-week high of the shares is $14.715 and the 52 week low is $11.16. The company has a current market capitalization of $2,769 M and it has 20,98,03,850 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, Frank C Mencini (director) purchased 1,550 shares at $12.82 per share price.Also, 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.

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