DA Davidson Has Negative Outlook of F.N.B. FY2024 Earnings

F.N.B. Co. (NYSE:FNB) – Research analysts at DA Davidson reduced their FY2024 earnings per share estimates for shares of F.N.B. in a report issued on Tuesday, October 22nd. DA Davidson analyst M. Navas now forecasts that the bank will earn $1.35 per share for the year, down from their prior forecast of $1.40. The consensus estimate for F.N.B.’s current full-year earnings is $1.38 per share. DA Davidson also issued estimates for F.N.B.’s Q4 2024 earnings at $0.33 EPS and FY2025 earnings at $1.50 EPS.

A number of other analysts have also recently issued reports on the company. Stephens increased their target price on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.33.

F.N.B. Price Performance

NYSE FNB opened at $14.47 on Wednesday. The business has a 50 day simple moving average of $14.23 and a 200 day simple moving average of $13.92. F.N.B. has a 52-week low of $10.24 and a 52-week high of $15.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 10.01 and a beta of 0.96.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Thursday, September 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Thursday, September 5th. F.N.B.’s payout ratio is presently 38.71%.

Institutional Investors Weigh In On F.N.B.

Large investors have recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. acquired a new stake in shares of F.N.B. in the 3rd quarter valued at approximately $28,000. Richardson Financial Services Inc. boosted its holdings in shares of F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after buying an additional 1,473 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of F.N.B. in the 1st quarter valued at approximately $45,000. GAMMA Investing LLC boosted its holdings in shares of F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after buying an additional 1,764 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after acquiring an additional 1,665 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.