F.N.B. Co. to Post Q2 2024 Earnings of $0.34 Per Share, DA Davidson Forecasts (NYSE:FNB)

F.N.B. Co. (NYSE:FNB) – Equities researchers at DA Davidson issued their Q2 2024 earnings estimates for shares of F.N.B. in a note issued to investors on Monday, April 22nd. DA Davidson analyst M. Navas anticipates that the bank will post earnings of $0.34 per share for the quarter. The consensus estimate for F.N.B.’s current full-year earnings is $1.45 per share. DA Davidson also issued estimates for F.N.B.’s FY2025 earnings at $1.65 EPS.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $406.87 million for the quarter, compared to the consensus estimate of $406.96 million. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. During the same period in the prior year, the firm earned $0.40 earnings per share.

FNB has been the topic of several other reports. Wells Fargo & Company upped their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Bank of America initiated coverage on F.N.B. in a research report on Thursday, January 11th. They set a “buy” rating and a $15.00 price target on the stock. Raymond James upped their price target on F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Finally, Stephens decreased their price objective on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

F.N.B. Price Performance

NYSE FNB opened at $13.64 on Tuesday. The company has a market cap of $4.90 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 9.07 and a beta of 1.02. F.N.B. has a 52 week low of $10.09 and a 52 week high of $14.19. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $13.47 and its two-hundred day simple moving average is $12.81.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Tuesday, March 5th. F.N.B.’s dividend payout ratio (DPR) is presently 38.71%.

Insider Activity

In other F.N.B. news, Director William B. Campbell purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was bought at an average price of $13.48 per share, with a total value of $33,700.00. Following the completion of the purchase, the director now directly owns 149,458 shares of the company’s stock, valued at approximately $2,014,693.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders purchased 6,500 shares of company stock valued at $87,505. 1.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On F.N.B.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in F.N.B. by 20.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,449,816 shares of the bank’s stock worth $26,434,000 after purchasing an additional 413,698 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in F.N.B. by 479.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,574 shares of the bank’s stock worth $1,215,000 after purchasing an additional 93,159 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of F.N.B. by 663.2% in the 3rd quarter. Hsbc Holdings PLC now owns 233,439 shares of the bank’s stock worth $2,523,000 after buying an additional 202,853 shares during the period. Cardinal Capital Management lifted its holdings in shares of F.N.B. by 1.6% in the 4th quarter. Cardinal Capital Management now owns 100,537 shares of the bank’s stock worth $1,384,000 after buying an additional 1,627 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of F.N.B. by 3.9% in the 3rd quarter. Sei Investments Co. now owns 1,230,885 shares of the bank’s stock worth $13,281,000 after buying an additional 45,834 shares during the period. 79.25% of the stock is currently owned by institutional investors.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.