F.N.B. Co. (NYSE:FNB) Expected to Post Earnings of $0.30 Per Share

Wall Street brokerages expect F.N.B. Co. (NYSE:FNBGet Rating) to announce earnings per share (EPS) of $0.30 for the current quarter, Zacks reports. Five analysts have made estimates for F.N.B.’s earnings, with estimates ranging from $0.29 to $0.31. F.N.B. posted earnings per share of $0.31 during the same quarter last year, which suggests a negative year over year growth rate of 3.2%. The company is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that F.N.B. will report full year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.18 to $1.29. For the next year, analysts forecast that the firm will post earnings of $1.41 per share, with EPS estimates ranging from $1.35 to $1.52. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover F.N.B..

F.N.B. (NYSE:FNBGet Rating) last announced its earnings results on Monday, April 18th. The bank reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. F.N.B. had a net margin of 27.34% and a return on equity of 8.06%. The firm had revenue of $312.40 million for the quarter, compared to the consensus estimate of $312.24 million. During the same period last year, the company posted $0.28 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis.

Several equities research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of F.N.B. in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded F.N.B. from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a research note on Monday, March 14th. Raymond James boosted their target price on F.N.B. from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Monday, January 24th. Finally, Wells Fargo & Company boosted their target price on F.N.B. from $15.50 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, March 21st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $13.75.

Shares of FNB opened at $11.37 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $12.33 and its 200 day simple moving average is $12.58. F.N.B. has a 1-year low of $10.51 and a 1-year high of $14.11. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 10.34 and a beta of 1.11.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Friday, June 3rd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $0.48 annualized dividend and a dividend yield of 4.22%. F.N.B.’s dividend payout ratio (DPR) is presently 43.64%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC boosted its stake in F.N.B. by 10.7% during the first quarter. Private Advisor Group LLC now owns 15,696 shares of the bank’s stock valued at $195,000 after buying an additional 1,515 shares during the last quarter. American Century Companies Inc. grew its stake in shares of F.N.B. by 14.3% during the first quarter. American Century Companies Inc. now owns 10,655,913 shares of the bank’s stock worth $132,666,000 after acquiring an additional 1,330,992 shares during the last quarter. Intrua Financial LLC lifted its holdings in shares of F.N.B. by 24.8% during the first quarter. Intrua Financial LLC now owns 16,979 shares of the bank’s stock worth $211,000 after purchasing an additional 3,374 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of F.N.B. by 49.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 151,346 shares of the bank’s stock worth $1,884,000 after purchasing an additional 50,271 shares during the period. Finally, Raymond James & Associates lifted its holdings in F.N.B. by 3.8% in the first quarter. Raymond James & Associates now owns 1,000,813 shares of the bank’s stock valued at $12,460,000 after acquiring an additional 36,703 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

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

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