Analysts expect F.N.B. Corp (NYSE:FNB) to report sales of $298.29 million for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for F.N.B.’s earnings. The highest sales estimate is $300.96 million and the lowest is $294.93 million. F.N.B. reported sales of $227.87 million during the same quarter last year, which indicates a positive year-over-year growth rate of 30.9%. The company is scheduled to issue its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that F.N.B. will report full year sales of $298.29 million for the current year, with estimates ranging from $1.23 billion to $1.26 billion. For the next fiscal year, analysts expect that the company will report sales of $1.34 billion per share, with estimates ranging from $1.32 billion to $1.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow F.N.B..
F.N.B. (NYSE:FNB) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. F.N.B. had a return on equity of 6.69% and a net margin of 16.00%. The firm had revenue of $295.14 million for the quarter, compared to the consensus estimate of $295.89 million. During the same quarter in the previous year, the company posted $0.24 earnings per share.
A number of research analysts have commented on FNB shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.50 target price on shares of F.N.B. in a research note on Friday, December 22nd. Boenning Scattergood started coverage on F.N.B. in a research note on Tuesday, January 23rd. They issued a “buy” rating on the stock. ValuEngine downgraded F.N.B. from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded F.N.B. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Jefferies Group restated a “buy” rating and issued a $17.00 target price on shares of F.N.B. in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $16.89.
In related news, Director Frank C. Mencini purchased 2,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $13.81 per share, for a total transaction of $27,620.00. Following the purchase, the director now owns 24,611 shares in the company, valued at approximately $339,877.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William B. Campbell sold 3,300 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $14.48, for a total value of $47,784.00. The disclosure for this sale can be found here. In the last quarter, insiders have bought 6,250 shares of company stock valued at $86,633. 1.21% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of FNB. Nationwide Fund Advisors lifted its position in shares of F.N.B. by 79.0% during the 3rd quarter. Nationwide Fund Advisors now owns 1,056,673 shares of the bank’s stock worth $14,825,000 after purchasing an additional 466,452 shares during the last quarter. Aperio Group LLC lifted its position in shares of F.N.B. by 10.7% during the 3rd quarter. Aperio Group LLC now owns 60,239 shares of the bank’s stock worth $845,000 after purchasing an additional 5,813 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of F.N.B. by 67.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 100,855 shares of the bank’s stock worth $1,415,000 after purchasing an additional 40,637 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of F.N.B. during the 3rd quarter worth about $218,000. Finally, State of Tennessee Treasury Department acquired a new position in shares of F.N.B. during the 3rd quarter worth about $421,000. 79.04% of the stock is owned by institutional investors and hedge funds.
F.N.B. (NYSE FNB) opened at $14.37 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.82 and a quick ratio of 0.82. F.N.B. has a 52 week low of $12.02 and a 52 week high of $15.63. The company has a market capitalization of $4,650.00, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, March 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.34%. F.N.B.’s dividend payout ratio (DPR) is presently 61.54%.
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F.N.B. Company Profile
F.N.B. Corporation is a diversified financial services company operating in eight states. The Company holds a significant retail deposit market share in markets, including Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina.
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