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F.N.B. Corporation Closes Merger with Yadkin, Stock Dips
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On Mar 11, F.N.B. Corporation (FNB - Free Report) completed the previously announced merger with Yadkin Financial Corporation. Following the transaction, shares of Yadkin were delisted from the New York Stock Exchange.
The merger made F.N.B. Corporation the holder of top 10 retail deposit share in five major metropolitan markets with population of more than one million. The company now has total assets of about $30 billion with operations in eight states.
The merger has added about 100 locations to F.N.B. Corporation’s multi-state branch network across North and South Carolina. The company has also entered high-growth markets with enhanced products and services.
Per the President and Chief Executive Officer of F.N.B. Corporation, this merger has established the company as a leading regional franchise that now has its operations extended throughout the Mid-Atlantic and the Southeastern U.S.
Despite such benefits, shares of F.N.B. Corporation declined nearly 1% since the announcement of the deal closure. Also, the stock has gained 30.9% since Jul 2016, the date of announcement of the merger, underperforming the 41.6% gain for the Zacks categorized Banks- Southeast industry.
Currently, F.N.B. Corporation holds a Zacks Rank #4 (Sell).
County Bancorp has seen a positive earnings estimate revision of 5.8% for the current year, over the last 60 days. The company’s shares have gained 82.1% over the last one year.
Goldman Sachs has witnessed an upward earnings estimate revision of 2.6% for the current year, in the past 60 days. Its share price has risen 64.5% over the last one-year period.
Houlihan Lokey has experienced an upward earnings estimate revision of 2.3%, over the past 90 days. Over the last one-year period, its shares have gained 34.1%.
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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F.N.B. Corporation Closes Merger with Yadkin, Stock Dips
On Mar 11, F.N.B. Corporation (FNB - Free Report) completed the previously announced merger with Yadkin Financial Corporation. Following the transaction, shares of Yadkin were delisted from the New York Stock Exchange.
The merger made F.N.B. Corporation the holder of top 10 retail deposit share in five major metropolitan markets with population of more than one million. The company now has total assets of about $30 billion with operations in eight states.
The merger has added about 100 locations to F.N.B. Corporation’s multi-state branch network across North and South Carolina. The company has also entered high-growth markets with enhanced products and services.
Per the President and Chief Executive Officer of F.N.B. Corporation, this merger has established the company as a leading regional franchise that now has its operations extended throughout the Mid-Atlantic and the Southeastern U.S.
Despite such benefits, shares of F.N.B. Corporation declined nearly 1% since the announcement of the deal closure. Also, the stock has gained 30.9% since Jul 2016, the date of announcement of the merger, underperforming the 41.6% gain for the Zacks categorized Banks- Southeast industry.
Currently, F.N.B. Corporation holds a Zacks Rank #4 (Sell).
Some better-ranked finance stocks include County Bancorp, Inc. , The Goldman Sachs Group, Inc. (GS - Free Report) and Houlihan Lokey, Inc (HLI - Free Report) . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
County Bancorp has seen a positive earnings estimate revision of 5.8% for the current year, over the last 60 days. The company’s shares have gained 82.1% over the last one year.
Goldman Sachs has witnessed an upward earnings estimate revision of 2.6% for the current year, in the past 60 days. Its share price has risen 64.5% over the last one-year period.
Houlihan Lokey has experienced an upward earnings estimate revision of 2.3%, over the past 90 days. Over the last one-year period, its shares have gained 34.1%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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