Wall Street analysts expect FNB Co. (NYSE:FNB) to announce $0.26 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for FNB’s earnings, with estimates ranging from $0.24 to $0.27. FNB 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 company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, April 24th.
On average, analysts expect that FNB will report full year earnings of $1.14 per share for the current year, with EPS estimates ranging from $1.10 to $1.18. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.26 per share, with EPS estimates ranging from $1.20 to $1.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover FNB.
FNB (NYSE:FNB) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $295.14 million for the quarter, compared to analyst estimates of $295.89 million. FNB had a return on equity of 6.69% and a net margin of 16.00%. During the same period in the previous year, the firm earned $0.24 earnings per share.
A number of brokerages have recently issued reports on FNB. Zacks Investment Research raised FNB from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Friday. ValuEngine lowered FNB from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Jefferies Group reaffirmed a “buy” rating and set a $17.00 target price on shares of FNB in a research report on Thursday, January 25th. Boenning Scattergood started coverage on FNB in a research report on Tuesday, January 23rd. They set a “buy” rating on the stock. Finally, SunTrust Banks reissued a “buy” rating and set a $17.00 price target on shares of FNB in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $16.89.
In other FNB news, Director Frank C. Mencini purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $13.81 per share, with a total value of $27,620.00. Following the completion of the transaction, the director now owns 24,611 shares of the company’s stock, valued at $339,877.91. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pamela A. Bena purchased 2,750 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $14.15 per share, for a total transaction of $38,912.50. Following the completion of the transaction, the director now directly owns 3,850 shares of the company’s stock, valued at approximately $54,477.50. The disclosure for this purchase can be found here. Insiders have purchased 6,250 shares of company stock worth $86,633 over the last three months. 1.21% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in FNB in the fourth quarter valued at about $118,284,000. Vaughan Nelson Investment Management L.P. purchased a new position in FNB in the fourth quarter valued at about $42,816,000. Snow Capital Management LP grew its stake in FNB by 62.5% in the fourth quarter. Snow Capital Management LP now owns 3,958,851 shares of the bank’s stock valued at $54,711,000 after purchasing an additional 1,522,178 shares in the last quarter. Polaris Capital Management LLC grew its stake in FNB by 646.5% in the fourth quarter. Polaris Capital Management LLC now owns 879,992 shares of the bank’s stock valued at $38,130,000 after purchasing an additional 762,112 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in FNB by 23.9% in the fourth quarter. American Century Companies Inc. now owns 3,242,446 shares of the bank’s stock valued at $44,811,000 after purchasing an additional 626,254 shares in the last quarter. 79.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FNB stock traded down $0.39 on Friday, reaching $13.17. 1,996,874 shares of the company were exchanged, compared to its average volume of 3,248,030. The firm has a market capitalization of $4,260.80, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.16. FNB has a fifty-two week low of $12.02 and a fifty-two week high of $15.00.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.64%. The ex-dividend date was Friday, March 2nd. FNB’s payout ratio is 51.61%.
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FNB 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 four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. 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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