Wall Street analysts expect that F.N.B. Corp (NYSE:FNB) will announce earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for F.N.B.’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. F.N.B. posted earnings of $0.27 per share in the same quarter last year, which suggests a positive year over year growth rate of 7.4%. The business is scheduled to announce its next earnings report on Tuesday, July 23rd.
According to Zacks, analysts expect that F.N.B. will report full-year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.20. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.22 per share, with EPS estimates ranging from $1.13 to $1.28. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow F.N.B..
F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $296.00 million during the quarter, compared to the consensus estimate of $298.73 million. F.N.B. had a net margin of 25.54% and a return on equity of 8.50%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS.
A number of research firms have issued reports on FNB. Zacks Investment Research raised shares of F.N.B. from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday. Boenning Scattergood reissued a “buy” rating and issued a $13.00 price objective on shares of F.N.B. in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $15.00.
In other news, Director Mary Jo Dively purchased 4,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was bought at an average price of $12.36 per share, with a total value of $49,440.00. Following the acquisition, the director now owns 21,900 shares in the company, valued at approximately $270,684. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Twin Tree Management LP bought a new stake in shares of F.N.B. during the 1st quarter worth approximately $53,000. Toronto Dominion Bank lifted its holdings in shares of F.N.B. by 11,333.3% during the 4th quarter. Toronto Dominion Bank now owns 6,860 shares of the bank’s stock worth $67,000 after acquiring an additional 6,800 shares during the period. JNBA Financial Advisors bought a new stake in shares of F.N.B. during the 4th quarter worth approximately $79,000. Sontag Advisory LLC lifted its holdings in shares of F.N.B. by 643.2% during the 1st quarter. Sontag Advisory LLC now owns 10,330 shares of the bank’s stock worth $109,000 after acquiring an additional 8,940 shares during the period. Finally, Pearl River Capital LLC bought a new stake in shares of F.N.B. during the 4th quarter worth approximately $121,000. 76.08% of the stock is owned by institutional investors.
NYSE FNB traded up $0.06 during trading on Tuesday, reaching $11.29. The company’s stock had a trading volume of 3,592,500 shares, compared to its average volume of 2,345,078. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.04 and a beta of 1.26. F.N.B. has a 12 month low of $9.35 and a 12 month high of $13.88. The company has a 50 day moving average of $11.52.
The company also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Friday, May 31st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date was Thursday, May 30th. F.N.B.’s dividend payout ratio (DPR) is presently 42.48%.
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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