$0.30 Earnings Per Share Expected for F.N.B. Co. (NYSE:FNB) This Quarter

Equities research analysts expect F.N.B. Co. (NYSE:FNB) to report earnings per share of $0.30 for the current quarter, Zacks reports. Six analysts have made estimates for F.N.B.’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.29. F.N.B. reported earnings of $0.28 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, January 19th.

According to Zacks, analysts expect that F.N.B. will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.21 to $1.23. For the next year, analysts anticipate that the firm will post earnings of $1.08 per share, with EPS estimates ranging from $1.00 to $1.13. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for F.N.B..

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Sunday, October 17th. The bank reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The company had revenue of $321.26 million during the quarter, compared to the consensus estimate of $306.91 million. F.N.B. had a return on equity of 8.20% and a net margin of 28.01%. F.N.B.’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS.

FNB has been the subject of several research reports. Zacks Investment Research cut shares of F.N.B. from a “buy” rating to a “hold” rating and set a $14.50 price objective for the company. in a research note on Wednesday. DA Davidson reissued a “buy” rating on shares of F.N.B. in a research note on Wednesday, October 20th. Finally, Wells Fargo & Company boosted their price objective on shares of F.N.B. from $13.50 to $14.50 and gave the company an “overweight” rating in a research note on Tuesday, January 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $13.49.

FNB traded up $0.14 during trading on Friday, hitting $13.99. The company’s stock had a trading volume of 2,454,378 shares, compared to its average volume of 2,712,668. The firm’s 50 day moving average price is $12.37 and its 200-day moving average price is $11.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market cap of $4.46 billion, a PE ratio of 12.10 and a beta of 1.27. F.N.B. has a twelve month low of $9.79 and a twelve month high of $14.00.

A number of institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. purchased a new stake in F.N.B. during the 4th quarter worth $123,000. Jefferies Group LLC boosted its position in F.N.B. by 69.3% during the 3rd quarter. Jefferies Group LLC now owns 18,967 shares of the bank’s stock worth $220,000 after purchasing an additional 7,762 shares during the period. Moors & Cabot Inc. boosted its position in F.N.B. by 6.4% during the 3rd quarter. Moors & Cabot Inc. now owns 20,238 shares of the bank’s stock worth $236,000 after purchasing an additional 1,218 shares during the period. Centiva Capital LP purchased a new position in F.N.B. in the 3rd quarter valued at about $789,000. Finally, Easterly Investment Partners LLC purchased a new position in F.N.B. in the 3rd quarter valued at about $13,223,000. 77.29% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Company Profile

F.N.B. Corp. is a financial holding company. It engages in the provision of financial services to consumers, corporations, governments, and small to medium-sized businesses. The firm operates through the following segments: Community Banking, Wealth Management, Insurance, and Other. The Community Banking segment includes commercial and consumer banking services.

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Earnings History and Estimates for F.N.B. (NYSE:FNB)

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