Equities analysts expect that F.N.B. Corp (NYSE:FNB) will report $0.29 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for F.N.B.’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. F.N.B. posted earnings per share of $0.27 during the same quarter last year, which would suggest a positive year over year growth rate of 7.4%. The business is scheduled to report its next earnings results before the market opens on Tuesday, July 23rd.
On average, analysts expect that F.N.B. will report full year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.19. For the next year, analysts anticipate that the company will report earnings of $1.21 per share, with EPS estimates ranging from $1.13 to $1.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover F.N.B..
F.N.B. (NYSE:FNB) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $296.00 million during the quarter, compared to analysts’ expectations of $298.73 million. F.N.B. had a net margin of 25.54% and a return on equity of 8.50%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share.
A number of equities research analysts have recently commented on FNB shares. Boenning Scattergood reiterated a “neutral” rating on shares of United Bankshares in a report on Thursday, April 25th. Zacks Investment Research downgraded shares of Gold Resource from a “hold” rating to a “sell” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. F.N.B. currently has a consensus rating of “Buy” and an average price target of $15.00.
In other news, Director Mary Jo Dively purchased 4,000 shares of the stock in a transaction dated Monday, May 6th. The stock was acquired at an average cost of $12.36 per share, for a total transaction of $49,440.00. Following the completion of the acquisition, the director now directly owns 21,900 shares in the company, valued at approximately $270,684. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.59% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC increased its holdings in F.N.B. by 87.2% during the 4th quarter. LPL Financial LLC now owns 29,856 shares of the bank’s stock valued at $294,000 after purchasing an additional 13,905 shares during the period. New York State Common Retirement Fund increased its holdings in F.N.B. by 3.8% during the 4th quarter. New York State Common Retirement Fund now owns 699,240 shares of the bank’s stock valued at $6,881,000 after purchasing an additional 25,310 shares during the period. Bank of New York Mellon Corp increased its holdings in F.N.B. by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,012,906 shares of the bank’s stock valued at $39,486,000 after purchasing an additional 112,456 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in F.N.B. by 144.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,933 shares of the bank’s stock valued at $501,000 after purchasing an additional 30,076 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in F.N.B. during the 4th quarter valued at about $469,000. Institutional investors and hedge funds own 76.08% of the company’s stock.
Shares of NYSE FNB traded up $0.08 during midday trading on Thursday, reaching $11.58. 1,083,400 shares of the stock were exchanged, compared to its average volume of 2,262,473. The stock has a market capitalization of $3.77 billion, a P/E ratio of 10.25, a P/E/G ratio of 1.04 and a beta of 1.25. F.N.B. has a 52-week low of $9.35 and a 52-week high of $13.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $11.51.
F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
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