F.N.B. Corporation (FNB) Expected to Announce Earnings of $0.24 Per Share
Analysts expect that F.N.B. Corporation (NYSE:FNB) will announce earnings of $0.24 per share for the current quarter, according to Zacks. Eight analysts have provided estimates for F.N.B. Corporation’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.24. F.N.B. Corporation also posted earnings per share of $0.24 during the same quarter last year. The firm is scheduled to report its next earnings results before the market opens on Thursday, October 19th.
According to Zacks, analysts expect that F.N.B. Corporation will report full-year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.93 to $0.98. For the next fiscal year, analysts expect that the business will post earnings of $1.10 per share, with EPS estimates ranging from $1.04 to $1.15. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for F.N.B. Corporation.
F.N.B. Corporation (NYSE:FNB) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The company had revenue of $284.50 million for the quarter, compared to the consensus estimate of $294.39 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business’s revenue was up 24.8% compared to the same quarter last year.
A number of research firms have recently issued reports on FNB. BidaskClub cut shares of F.N.B. Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada restated a “hold” rating and set a $15.00 target price on shares of F.N.B. Corporation in a research note on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and set a $18.00 target price on shares of F.N.B. Corporation in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.00 price target on shares of F.N.B. Corporation in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.39.
In other F.N.B. Corporation news, Director William B. Campbell sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $13.90, for a total value of $41,700.00. Following the transaction, the director now directly owns 84,370 shares of the company’s stock, valued at approximately $1,172,743. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gary L. Guerrieri sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $13.19, for a total transaction of $92,330.00. Following the completion of the transaction, the insider now directly owns 38,407 shares in the company, valued at $506,588.33. The disclosure for this sale can be found here. 1.21% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in FNB. Ffcm LLC bought a new position in F.N.B. Corporation in the 2nd quarter valued at about $114,000. Stifel Financial Corp increased its holdings in F.N.B. Corporation by 1.9% in the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after buying an additional 202 shares during the period. Park National Corp OH bought a new position in F.N.B. Corporation in the 3rd quarter valued at about $162,000. Jane Street Group LLC bought a new position in F.N.B. Corporation in the 1st quarter valued at about $169,000. Finally, Round Table Services LLC bought a new position in F.N.B. Corporation in the 2nd quarter valued at about $172,000. 76.41% of the stock is currently owned by hedge funds and other institutional investors.
F.N.B. Corporation (FNB) opened at 14.03 on Friday. The company has a market cap of $4.51 billion, a P/E ratio of 18.06 and a beta of 0.97. The stock’s 50 day moving average is $13.07 and its 200 day moving average is $13.79. F.N.B. Corporation has a 12-month low of $12.02 and a 12-month high of $16.43.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.42%. The ex-dividend date was Wednesday, August 30th. F.N.B. Corporation’s dividend payout ratio is currently 61.54%.
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About F.N.B. Corporation
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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