Stock market today: S&P 500 climbs as health care, tech gain; Nvidia earnings loom
William B. Campbell, a director at FNB Corp (NYSE:FNB), recently purchased 3,000 shares of the company’s common stock. The shares were acquired at an average price of $15.5665 per share, amounting to a total transaction value of $46,699. The purchase comes as InvestingPro analysis indicates FNB is trading below its Fair Value, with the stock currently at $15.92 and offering a 3.06% dividend yield. Following this transaction, Campbell holds a total of 158,833.866 shares directly. Additionally, there are 2,072 shares indirectly owned by his wife. The transaction also includes shares acquired through the company’s dividend reinvestment plan and dividend equivalent units. Notable for investors, FNB has maintained dividend payments for 51 consecutive years, demonstrating strong shareholder commitment. InvestingPro subscribers can access detailed analysis of FNB’s financial health metrics and additional insights through the comprehensive Pro Research Report, available for over 1,400 US stocks.
In other recent news, F.N.B. Corporation has been a topic of discussion among investors due to its recent financial performance and future projections. The corporation reported fourth quarter earnings that exceeded expectations with an adjusted earnings per share of $0.38, surpassing the consensus forecast of $0.33. However, with a revenue of $373.14 million, it fell short of Wall Street’s projection of $408.7 million.
On the other hand, Raymond (NSE:RYMD) James has reiterated its Outperform rating on F.N.B. Corporation, maintaining a $19.00 price target. The firm’s analyst, Daniel Tamayo, highlighted several factors influencing the financial institution’s outlook. Notably, the 2025 net interest income guidance, factoring in two 25 basis point rate cuts, is approximately $15 million above the firm’s previous estimates. This follows a balance sheet restructuring that took place in the fourth quarter.
Despite some operational challenges, including higher operating expenses and weaker securities commission, F.N.B. Corporation’s financial stability remains intact. The common equity tier 1 (CET1) ratio rose to 10.6%, and the net charge-offs (NCOs) and nonperforming assets (NPAs) are still considered low. These are some of the recent developments that have shaped the financial outlook of F.N.B. Corporation.
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