Equities analysts expect F.N.B. Corp (NYSE:FNB) to post earnings per share of $0.29 for the current quarter, according to Zacks Investment Research. Five 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. reported earnings per share of $0.30 in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.3%. The company is expected to announce its next earnings results on Tuesday, January 28th.
On average, analysts expect that F.N.B. will report full-year earnings of $1.17 per share for the current year, with EPS estimates ranging from $1.16 to $1.18. For the next year, analysts forecast that the company will report earnings of $1.15 per share, with EPS estimates ranging from $1.10 to $1.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow F.N.B..
F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. F.N.B. had a return on equity of 8.59% and a net margin of 25.55%. The firm had revenue of $309.80 million for the quarter, compared to the consensus estimate of $306.42 million. During the same quarter in the previous year, the business earned $0.30 EPS.
A number of research analysts have recently commented on FNB shares. TheStreet upgraded F.N.B. from a “c+” rating to a “b-” rating in a report on Monday. ValuEngine downgraded F.N.B. from a “hold” rating to a “sell” rating in a report on Wednesday, October 16th. Zacks Investment Research upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Wells Fargo & Co increased their price objective on F.N.B. from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Raymond James increased their price objective on F.N.B. from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.
In other news, Director David L. Motley bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $11.12 per share, with a total value of $27,800.00. Following the transaction, the director now directly owns 36,320 shares in the company, valued at $403,878.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James D. Chiafullo bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $10.85 per share, with a total value of $32,550.00. Following the completion of the transaction, the director now owns 66,847 shares in the company, valued at $725,289.95. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 6,000 shares of company stock valued at $66,385. Insiders own 0.59% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in F.N.B. by 0.5% during the 2nd quarter. BlackRock Inc. now owns 36,974,420 shares of the bank’s stock valued at $435,191,000 after purchasing an additional 168,226 shares during the period. Vanguard Group Inc. lifted its position in F.N.B. by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 31,379,046 shares of the bank’s stock worth $369,331,000 after acquiring an additional 250,644 shares during the period. Macquarie Group Ltd. lifted its position in F.N.B. by 6.3% during the 2nd quarter. Macquarie Group Ltd. now owns 7,395,114 shares of the bank’s stock worth $87,040,000 after acquiring an additional 438,070 shares during the period. Renaissance Technologies LLC lifted its position in F.N.B. by 64.7% during the 2nd quarter. Renaissance Technologies LLC now owns 3,067,328 shares of the bank’s stock worth $36,102,000 after acquiring an additional 1,205,501 shares during the period. Finally, Hamlin Capital Management LLC lifted its position in F.N.B. by 1.5% during the 2nd quarter. Hamlin Capital Management LLC now owns 2,905,460 shares of the bank’s stock worth $34,197,000 after acquiring an additional 42,692 shares during the period. 74.54% of the stock is owned by hedge funds and other institutional investors.
Shares of FNB traded down $0.09 during mid-day trading on Friday, reaching $12.52. The company’s stock had a trading volume of 48,973 shares, compared to its average volume of 1,962,590. F.N.B. has a 12-month low of $9.35 and a 12-month high of $12.70. The stock has a market cap of $3.97 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.16 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50 day moving average is $11.78 and its 200 day moving average is $11.52.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Tuesday, December 3rd will be issued a $0.12 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.83%. F.N.B.’s payout ratio is currently 42.48%.
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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