Zacks: Analysts Anticipate F.N.B. Co. (NYSE:FNB) to Post $0.25 EPS


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Brokerages forecast that F.N.B. Co. (NYSE:FNB) will report $0.25 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for F.N.B.’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.27. F.N.B. posted earnings per share of $0.26 during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.8%. The company is scheduled to report its next quarterly earnings report on Thursday, July 15th.

According to Zacks, analysts expect that F.N.B. will report full year earnings of $0.97 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $1.09. For the next year, analysts expect that the business will report earnings of $0.99 per share, with EPS estimates ranging from $0.80 to $1.12. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow F.N.B..

F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Sunday, April 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. The business had revenue of $305.70 million during the quarter, compared to the consensus estimate of $310.37 million. F.N.B. had a net margin of 21.08% and a return on equity of 6.83%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered F.N.B. from a “buy” rating to a “hold” rating in a research note on Tuesday. Raymond James reaffirmed a “buy” rating on shares of F.N.B. in a report on Tuesday. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $11.00.

Several hedge funds and other institutional investors have recently made changes to their positions in FNB. Carret Asset Management LLC grew its position in shares of F.N.B. by 1.3% in the fourth quarter. Carret Asset Management LLC now owns 62,464 shares of the bank’s stock valued at $593,000 after purchasing an additional 825 shares during the last quarter. IBM Retirement Fund lifted its stake in F.N.B. by 13.8% in the 4th quarter. IBM Retirement Fund now owns 11,943 shares of the bank’s stock valued at $113,000 after buying an additional 1,448 shares in the last quarter. Corient Capital Partners LLC grew its holdings in F.N.B. by 15.8% during the 4th quarter. Corient Capital Partners LLC now owns 12,138 shares of the bank’s stock valued at $115,000 after buying an additional 1,654 shares during the last quarter. Creative Planning grew its holdings in F.N.B. by 3.2% during the 4th quarter. Creative Planning now owns 59,094 shares of the bank’s stock valued at $561,000 after buying an additional 1,821 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its position in F.N.B. by 5.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 38,489 shares of the bank’s stock worth $366,000 after buying an additional 1,892 shares in the last quarter. 72.28% of the stock is currently owned by institutional investors.

FNB traded up $0.30 on Wednesday, hitting $12.65. 114,133 shares of the company were exchanged, compared to its average volume of 2,368,509. F.N.B. has a fifty-two week low of $5.86 and a fifty-two week high of $13.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.88. The firm has a market capitalization of $4.05 billion, a P/E ratio of 13.60 and a beta of 1.34. The business’s fifty day moving average is $12.84 and its 200 day moving average is $10.28.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, May 28th. This represents a $0.48 annualized dividend and a yield of 3.79%. F.N.B.’s dividend payout ratio (DPR) is currently 40.68%.

F.N.B. Company Profile

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

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