$0.24 Earnings Per Share Expected for F.N.B. Corp (FNB) This Quarter

Wall Street brokerages predict that F.N.B. Corp (NYSE:FNB) will report $0.24 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for F.N.B.’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.23. F.N.B. also reported earnings per share of $0.24 during the same quarter last year. The business is expected to issue its next quarterly earnings results on Wednesday, January 17th.

On average, analysts expect that F.N.B. will report full year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $0.94. For the next year, analysts anticipate that the company will report earnings of $1.08 per share, with EPS estimates ranging from $1.00 to $1.21. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow F.N.B..

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $291.38 million for the quarter, compared to analysts’ expectations of $299.47 million. F.N.B. had a net margin of 19.95% and a return on equity of 6.81%. During the same quarter in the previous year, the business posted $0.24 earnings per share.

FNB has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of F.N.B. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday. ValuEngine upgraded shares of F.N.B. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stephens initiated coverage on shares of F.N.B. in a report on Wednesday, December 13th. They issued an “equal weight” rating on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.50 price target on shares of F.N.B. in a report on Friday, December 22nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $15.00 price target on shares of F.N.B. in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $17.22.

Shares of F.N.B. (FNB) opened at $13.98 on Friday. The firm has a market cap of $4,490.00, a price-to-earnings ratio of 17.92, a P/E/G ratio of 1.35 and a beta of 0.96. F.N.B. has a fifty-two week low of $12.02 and a fifty-two week high of $16.33. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, November 30th. F.N.B.’s dividend payout ratio (DPR) is presently 61.54%.

In other F.N.B. news, Director Frank C. Mencini bought 2,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $12.93 per share, for a total transaction of $25,860.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert M. Moorehead purchased 5,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was bought at an average cost of $13.46 per share, with a total value of $67,300.00. Following the transaction, the insider now owns 25,312 shares in the company, valued at $340,699.52. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 8,500 shares of company stock worth $113,350. Company insiders own 1.21% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Ffcm LLC purchased a new position in shares of F.N.B. in the 2nd quarter worth about $114,000. Stifel Financial Corp raised its position in shares of F.N.B. by 1.9% in the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock worth $150,000 after purchasing an additional 202 shares during the last quarter. First Allied Advisory Services Inc. purchased a new position in shares of F.N.B. in the 3rd quarter worth about $150,000. Park National Corp OH purchased a new position in shares of F.N.B. in the 3rd quarter worth about $162,000. Finally, CIBC Asset Management Inc purchased a new position in shares of F.N.B. in the 3rd quarter worth about $163,000. 75.96% of the stock is owned by hedge funds and other institutional investors.

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F.N.B. Company Profile

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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Earnings History and Estimates for F.N.B. (NYSE:FNB)

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