Equities analysts forecast that F.N.B. Corp (NYSE:FNB) will announce $304.21 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for F.N.B.’s earnings. The highest sales estimate is $311.25 million and the lowest is $299.80 million. F.N.B. posted sales of $295.14 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The business is scheduled to announce its next quarterly earnings report on Tuesday, January 22nd.
According to Zacks, analysts expect that F.N.B. will report full-year sales of $1.22 billion for the current fiscal year, with estimates ranging from $1.21 billion to $1.23 billion. For the next financial year, analysts anticipate that the company will post sales of $1.25 billion, with estimates ranging from $1.20 billion to $1.28 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover F.N.B..
F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. F.N.B. had a net margin of 20.94% and a return on equity of 8.03%. The business had revenue of $309.60 million during the quarter, compared to the consensus estimate of $313.18 million. During the same period in the prior year, the firm posted $0.24 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year.
FNB has been the subject of a number of recent analyst reports. Wells Fargo & Co set a $15.00 price objective on shares of F.N.B. and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. ValuEngine downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Boenning Scattergood reaffirmed a “buy” rating on shares of F.N.B. in a research report on Wednesday, July 25th. Raymond James downgraded shares of F.N.B. from a “strong-buy” rating to an “outperform” rating and set a $19.00 price objective for the company. in a research report on Wednesday, July 25th. Finally, Zacks Investment Research downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.33.
FNB stock traded down $0.18 during trading on Friday, reaching $12.21. The stock had a trading volume of 1,724,521 shares, compared to its average volume of 2,546,152. F.N.B. has a one year low of $11.03 and a one year high of $14.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.17 and a beta of 0.92.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Monday, December 3rd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Friday, November 30th. F.N.B.’s payout ratio is 51.61%.
In related news, Director Frank C. Mencini bought 2,000 shares of the company’s stock in a transaction on Monday, August 13th. The shares were purchased at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the completion of the purchase, the director now directly owns 32,681 shares in the company, valued at $427,140.67. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Barry C. Robinson bought 2,500 shares of the company’s stock in a transaction on Friday, October 26th. The stock was bought at an average price of $11.21 per share, for a total transaction of $28,025.00. Following the completion of the purchase, the insider now owns 36,552 shares of the company’s stock, valued at $409,747.92. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 21,500 shares of company stock worth $247,315. Corporate insiders own 0.63% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in shares of F.N.B. by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,411,593 shares of the bank’s stock valued at $18,986,000 after buying an additional 37,977 shares in the last quarter. Tradition Capital Management LLC lifted its stake in shares of F.N.B. by 4.8% during the 2nd quarter. Tradition Capital Management LLC now owns 204,775 shares of the bank’s stock valued at $2,748,000 after buying an additional 9,320 shares in the last quarter. BB&T Securities LLC lifted its stake in shares of F.N.B. by 128.0% during the 2nd quarter. BB&T Securities LLC now owns 92,849 shares of the bank’s stock valued at $1,246,000 after buying an additional 52,131 shares in the last quarter. First National Trust Co lifted its stake in shares of F.N.B. by 3.9% during the 3rd quarter. First National Trust Co now owns 1,307,327 shares of the bank’s stock valued at $16,629,000 after buying an additional 48,864 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of F.N.B. by 37.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 94,200 shares of the bank’s stock valued at $1,198,000 after buying an additional 25,800 shares in the last quarter. Hedge funds and other institutional investors own 80.34% of the company’s stock.
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 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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