Notable Stock to Watch: F.N.B. Corporation (NYSE:FNB)

F.N.B. Corporation (NYSE:FNB) spotted trading -19.73% off 52-week high price. On the other end, the stock has been noted 21.82% away from the low price over the last 52-weeks. The stock changed -0.78% to recent value of $11.39. The stock transacted 1334126 shares during most recent day however it has an average volume of 2242.93K shares. The company has 324.64M of outstanding shares and 322.36M shares were floated in the market.  

First National Bank, the largest subsidiary of F.N.B. Corporation (NYSE:FNB), reported that it hired Martin “Marty” McCormick as Managing Director and Head of FNB Mezzanine Finance. He will report to Bryant Mitchell, Executive Vice President of Capital Markets and Specialty Finance Businesses.

In his role, McCormick leads a team responsible for originating, executing and monitoring mezzanine and subordinated debt. He oversees investments supporting clients’ event-driven capital needs, such as acquisitions, buy-out financing, recapitalizations and growth capital. McCormick also manages FNB’s partnerships with other mezzanine and subordinated debt investors for equity co-investment opportunities.

“We’re pleased to expand our mezzanine finance offering to support the capital needs of our corporate banking clients throughout our extensive footprint,” said Mitchell. “Marty’s proven experience and success in this space makes him an outstanding leader to grow FNB’s mezzanine finance business.”

With more than 25 years of financial services experience, McCormick recently served as Managing Director for Huntington Capital Investment Company and prior to that as Principal at Medallion Capital. He earned his Bachelor of Arts degree from Cornell University and Master of Business Administration in Finance degree from the University of Rochester.

 Its earnings per share (EPS) expected to touch remained 39.70% for this year while earning per share for the next 5-years is expected to reach at 10.00%. FNB has an operating margin of 72.60% while its profit margin remained 30.80% for the last 12 months. 

 The price moved ahead of -1.47% from the mean of 20 days, -0.73% from mean of 50 days SMA and performed -3.76% from mean of 200 days price. Company’s performance for the week was -1.56%, -7.55% for month and YTD performance remained 15.75%.

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