F.N.B. Co. Forecasted to Earn Q2 2024 Earnings of $0.34 Per Share (NYSE:FNB)

F.N.B. Co. (NYSE:FNB) – DA Davidson issued their Q2 2024 earnings estimates for shares of F.N.B. in a report released on Monday, April 22nd. DA Davidson analyst M. Navas anticipates that the bank will post earnings of $0.34 per share for the quarter. The consensus estimate for F.N.B.’s current full-year earnings is $1.45 per share. DA Davidson also issued estimates for F.N.B.’s FY2025 earnings at $1.65 EPS.

FNB has been the topic of several other reports. Raymond James raised their target price on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. StockNews.com lowered shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Stephens reduced their target price on F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday. Wells Fargo & Company upped their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, Bank of America started coverage on F.N.B. in a research note on Thursday, January 11th. They issued a “buy” rating and a $15.00 price objective on the stock. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

F.N.B. Stock Up 1.7 %

Shares of NYSE:FNB opened at $13.35 on Tuesday. F.N.B. has a 12-month low of $10.09 and a 12-month high of $14.19. The stock’s 50-day moving average price is $13.45 and its two-hundred day moving average price is $12.79. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 9.07 and a beta of 1.02.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $406.87 million during the quarter, compared to the consensus estimate of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter in the previous year, the business earned $0.40 earnings per share.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Tuesday, March 5th. F.N.B.’s payout ratio is 38.71%.

Insider Activity

In related news, Director William B. Campbell purchased 2,500 shares of F.N.B. stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $13.41 per share, with a total value of $33,525.00. Following the transaction, the director now owns 145,388 shares of the company’s stock, valued at approximately $1,949,653.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.22% of the company’s stock.

Institutional Trading of F.N.B.

A number of hedge funds have recently made changes to their positions in FNB. First Command Advisory Services Inc. acquired a new position in shares of F.N.B. in the third quarter worth about $27,000. Vestor Capital LLC bought a new stake in shares of F.N.B. in the fourth quarter worth $42,000. Clearstead Advisors LLC acquired a new stake in F.N.B. in the third quarter valued at $36,000. Hexagon Capital Partners LLC boosted its stake in F.N.B. by 272.9% during the 4th quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank’s stock valued at $53,000 after acquiring an additional 2,841 shares during the last quarter. Finally, Ronald Blue Trust Inc. grew its holdings in F.N.B. by 447.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 4,546 shares of the bank’s stock worth $52,000 after acquiring an additional 3,715 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

About F.N.B.

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.