F.N.B. Corporation (FNB) Expected to Announce Quarterly Sales of $295.86 Million
Equities analysts expect F.N.B. Corporation (NYSE:FNB) to post sales of $295.86 million for the current quarter, according to Zacks. Eight analysts have issued estimates for F.N.B.’s earnings. The lowest sales estimate is $289.65 million and the highest is $300.31 million. F.N.B. posted sales of $210.35 million during the same quarter last year, which suggests a positive year-over-year growth rate of 40.7%. The business is expected to announce its next earnings results on Wednesday, January 17th.
On average, analysts expect that F.N.B. will report full-year sales of $295.86 million for the current fiscal year, with estimates ranging from $1.09 billion to $1.12 billion. For the next year, analysts forecast that the firm will report sales of $1.24 billion per share, with estimates ranging from $1.21 billion to $1.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover F.N.B..
F.N.B. (NYSE:FNB) last released its earnings results on Thursday, October 19th. The bank reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. F.N.B. had a net margin of 19.95% and a return on equity of 6.81%. The business had revenue of $291.38 million for the quarter, compared to the consensus estimate of $299.47 million. During the same period in the previous year, the firm earned $0.24 EPS.
Shares of F.N.B. (NYSE:FNB) opened at $14.17 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. F.N.B. has a fifty-two week low of $12.02 and a fifty-two week high of $16.43. The company has a market cap of $4,581.30, a P/E ratio of 15.07, a P/E/G ratio of 1.61 and a beta of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.39%. F.N.B.’s dividend payout ratio is currently 62.34%.
In related news, insider Robert M. Moorehead acquired 5,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were purchased at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the purchase, the insider now owns 25,312 shares in the company, valued at $340,699.52. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank C. Mencini acquired 2,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average price of $12.93 per share, for a total transaction of $25,860.00. The disclosure for this purchase can be found here. Insiders have bought 8,500 shares of company stock worth $113,350 in the last 90 days. 1.21% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in FNB. Ffcm LLC acquired a new position in F.N.B. in the 2nd quarter valued at approximately $114,000. Stifel Financial Corp increased its stake in F.N.B. 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. First Allied Advisory Services Inc. acquired a new position in F.N.B. in the 3rd quarter valued at approximately $150,000. Park National Corp OH acquired a new position in F.N.B. in the 3rd quarter valued at approximately $162,000. Finally, CIBC Asset Management Inc acquired a new position in F.N.B. in the 3rd quarter valued at approximately $163,000. Hedge funds and other institutional investors own 76.02% of the company’s stock.
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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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