Wall Street analysts forecast that F.N.B. Corp (NYSE:FNB) will report earnings per share of $0.26 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for F.N.B.’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.24. F.N.B. reported earnings per share of $0.23 in the same quarter last year, which would suggest a positive year-over-year growth rate of 13%. The business is scheduled to report its next earnings report on Tuesday, April 24th.
On average, analysts expect that F.N.B. will report full-year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.18. For the next fiscal year, analysts expect that the company will report earnings of $1.25 per share, with EPS estimates ranging from $1.20 to $1.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for F.N.B..
F.N.B. (NYSE:FNB) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.24 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. F.N.B. had a net margin of 16.00% and a return on equity of 6.69%. The company had revenue of $295.14 million for the quarter, compared to analysts’ expectations of $295.89 million. During the same period last year, the firm earned $0.24 earnings per share.
Several brokerages have recently commented on FNB. ValuEngine cut shares of F.N.B. from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Royal Bank of Canada reaffirmed a “hold” rating and set a $15.00 target price on shares of F.N.B. in a report on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating and set a $17.00 target price on shares of F.N.B. in a report on Thursday, January 25th. SunTrust Banks reaffirmed a “buy” rating and set a $17.00 target price on shares of F.N.B. in a report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.50 target price on shares of F.N.B. in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $17.10.
In other news, Director Frank C. Mencini acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $13.81 per share, with a total value of $27,620.00. Following the completion of the purchase, the director now directly owns 24,611 shares of the company’s stock, valued at approximately $339,877.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pamela A. Bena acquired 2,750 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost of $14.15 per share, for a total transaction of $38,912.50. Following the completion of the purchase, the director now directly owns 3,850 shares of the company’s stock, valued at $54,477.50. The disclosure for this purchase can be found here. Insiders purchased 6,250 shares of company stock worth $86,633 over the last three months. 1.21% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Franklin Street Advisors Inc. NC bought a new position in F.N.B. in the fourth quarter valued at approximately $139,000. Stifel Financial Corp increased its stake in F.N.B. by 1.9% in the second quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after acquiring an additional 202 shares during the last quarter. First Allied Advisory Services Inc. bought a new position in F.N.B. in the third quarter valued at approximately $150,000. Park National Corp OH acquired a new stake in F.N.B. in the third quarter valued at approximately $162,000. Finally, CIBC Asset Management Inc acquired a new stake in F.N.B. in the third quarter valued at approximately $163,000. 76.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of F.N.B. (FNB) traded up $0.35 on Friday, hitting $14.25. 2,230,325 shares of the stock traded hands, compared to its average volume of 2,432,678. F.N.B. has a 12 month low of $12.02 and a 12 month high of $16.33. The company has a market capitalization of $4,490.00, a PE ratio of 23.16, a PEG ratio of 1.29 and a beta of 0.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.82 and a quick ratio of 0.82.
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F.N.B. Company Profile
F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.
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