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

Equities research analysts expect F.N.B. Co. (NYSE:FNBGet 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:FNBGet 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.

Read More

Get a free copy of the Zacks research report on F.N.B. (FNB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.