FY2024 EPS Estimates for F.N.B. Co. (NYSE:FNB) Reduced by DA Davidson

F.N.B. Co. (NYSE:FNB) – Stock analysts at DA Davidson dropped their FY2024 earnings estimates for shares of F.N.B. in a research note issued on Monday, April 22nd. DA Davidson analyst M. Navas now anticipates that the bank will earn $1.45 per share for the year, down from their prior forecast of $1.65. The consensus estimate for F.N.B.’s current full-year earnings is $1.45 per share.

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

Other equities research analysts have also issued research reports about the stock. Raymond James lifted their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. StockNews.com downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. 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. Stephens decreased their target price on F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Finally, Wells Fargo & Company upped their target price on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. One investment 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, F.N.B. currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

F.N.B. Stock Up 0.2 %

Shares of FNB opened at $13.66 on Wednesday. The firm has a fifty day moving average price of $13.48 and a 200-day moving average price of $12.82. 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 capitalization of $4.91 billion, a P/E ratio of 11.02, a P/E/G ratio of 9.23 and a beta of 1.02. F.N.B. has a 12-month low of $10.09 and a 12-month high of $14.19.

Institutional Trading of F.N.B.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in F.N.B. by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock valued at $541,806,000 after acquiring an additional 156,120 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of F.N.B. by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,292,019 shares of the bank’s stock valued at $293,193,000 after purchasing an additional 136,104 shares during the last quarter. FMR LLC boosted its position in shares of F.N.B. by 6.6% in the 3rd quarter. FMR LLC now owns 13,266,361 shares of the bank’s stock worth $143,144,000 after purchasing an additional 822,023 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of F.N.B. by 5.9% during the third quarter. American Century Companies Inc. now owns 12,474,225 shares of the bank’s stock valued at $134,597,000 after acquiring an additional 694,059 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of F.N.B. by 17.2% during the fourth quarter. Principal Financial Group Inc. now owns 4,921,251 shares of the bank’s stock valued at $67,766,000 after acquiring an additional 723,755 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director William B. Campbell purchased 2,500 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were acquired at an average cost of $13.48 per share, for a total transaction of $33,700.00. Following the acquisition, the director now owns 149,458 shares of the company’s stock, valued at approximately $2,014,693.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 6,500 shares of company stock worth $87,505 over the last 90 days. Company insiders own 1.22% of the company’s stock.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Wednesday, March 6th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Tuesday, March 5th. F.N.B.’s dividend payout ratio (DPR) is 38.71%.

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.