Wall Street analysts predict that F.N.B. Co. (NYSE:FNB – Get Rating) will post $332.22 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for F.N.B.’s earnings, with estimates ranging from $329.80 million to $337.20 million. F.N.B. reported sales of $307.64 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The business is scheduled to report its next earnings results on Monday, January 1st.
On average, analysts expect that F.N.B. will report full year sales of $1.35 billion for the current financial year, with estimates ranging from $1.33 billion to $1.37 billion. For the next fiscal year, analysts expect that the business will post sales of $1.47 billion, with estimates ranging from $1.45 billion to $1.49 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover F.N.B..
F.N.B. (NYSE:FNB – Get Rating) last announced its quarterly earnings data on Monday, April 18th. The bank reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $312.40 million during the quarter, compared to analyst estimates of $312.24 million. F.N.B. had a return on equity of 8.06% and a net margin of 27.34%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share.
F.N.B. stock opened at $11.45 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 10.41 and a beta of 1.11. F.N.B. has a one year low of $10.51 and a one year high of $14.11. The company’s fifty day moving average price is $12.29 and its two-hundred day moving average price is $12.57.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Friday, June 3rd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Thursday, June 2nd. F.N.B.’s dividend payout ratio is currently 43.64%.
Hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in F.N.B. by 13.1% during the 1st quarter. BlackRock Inc. now owns 39,996,231 shares of the bank’s stock valued at $497,953,000 after purchasing an additional 4,625,329 shares during the period. Vanguard Group Inc. increased its stake in shares of F.N.B. by 9.8% in the 1st quarter. Vanguard Group Inc. now owns 35,158,364 shares of the bank’s stock worth $437,721,000 after purchasing an additional 3,125,650 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of F.N.B. by 0.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 29,903,568 shares of the bank’s stock valued at $362,730,000 after purchasing an additional 114,286 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 valued at $247,506,000 after acquiring an additional 19,372,714 shares during the last quarter. Finally, State Street Corp lifted its stake in F.N.B. by 4.1% in the fourth quarter. State Street Corp now owns 17,814,040 shares of the bank’s stock worth $216,084,000 after purchasing an additional 695,043 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.
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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