$0.29 EPS Expected for F.N.B. Co. (NYSE:FNB) This Quarter

Equities research analysts expect F.N.B. Co. (NYSE:FNB – Get Rating) to report earnings of $0.29 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for F.N.B.’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.27. F.N.B. posted earnings of $0.31 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.5%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that F.N.B. will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.14 to $1.29. For the next year, analysts forecast that the company will post earnings of $1.39 per share, with EPS estimates ranging from $1.30 to $1.52. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for F.N.B..

F.N.B. (NYSE:FNB – Get Rating) last posted its quarterly earnings results on Monday, April 18th. The bank reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $312.40 million for the quarter, compared to the consensus estimate of $312.24 million. F.N.B. had a net margin of 30.30% and a return on equity of 8.23%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 EPS.

Several brokerages have issued reports on FNB. Raymond James increased their target price on shares of F.N.B. from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Monday, January 24th. StockNews.com began coverage on shares of F.N.B. in a report on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company increased their target price on shares of F.N.B. from $15.50 to $16.00 and gave the stock an “overweight” rating in a report on Monday, March 21st. Finally, Zacks Investment Research cut shares of F.N.B. from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a report on Monday, March 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $13.75.

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in F.N.B. by 1,877.8% in the 4th quarter. JPMorgan Chase & Co. now owns 20,404,395 shares of the bank’s stock worth $247,506,000 after purchasing an additional 19,372,714 shares in the last quarter. Norges Bank acquired a new stake in F.N.B. in the 4th quarter worth approximately $38,129,000. American Century Companies Inc. boosted its stake in F.N.B. by 24.0% in the 4th quarter. American Century Companies Inc. now owns 9,324,921 shares of the bank’s stock worth $113,111,000 after purchasing an additional 1,805,630 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in F.N.B. by 101.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,114,570 shares of the bank’s stock worth $37,780,000 after purchasing an additional 1,565,857 shares in the last quarter. Finally, Easterly Investment Partners LLC purchased a new position in F.N.B. during the 3rd quarter worth approximately $13,223,000. Institutional investors and hedge funds own 77.83% of the company’s stock.

FNB stock traded down $0.04 during trading on Thursday, hitting $12.51. The company had a trading volume of 2,465,174 shares, compared to its average volume of 3,064,591. The firm has a market capitalization of $4.39 billion, a P/E ratio of 10.17 and a beta of 1.14. F.N.B. has a 52-week low of $10.51 and a 52-week high of $14.11. The company has a 50 day simple moving average of $12.80 and a 200-day simple moving average of $12.60. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.14.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Friday, June 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, June 2nd. F.N.B.’s dividend payout ratio is currently 39.02%.

About F.N.B. (Get Rating)

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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