FY2024 Earnings Forecast for F.N.B. Issued By Zacks Research

F.N.B. Co. (NYSE:FNB) – Equities researchers at Zacks Research cut their FY2024 EPS estimates for F.N.B. in a research note issued to investors on Thursday, November 7th. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $1.35 per share for the year, down from their prior forecast of $1.38. The consensus estimate for F.N.B.’s current full-year earnings is $1.35 per share. Zacks Research also issued estimates for F.N.B.’s Q4 2024 earnings at $0.33 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.37 EPS, Q1 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.43 EPS and FY2026 earnings at $1.64 EPS.

F.N.B. (NYSE:FNB) last issued its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The business had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million.

Several other analysts have also commented on FNB. Stephens boosted their price target on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.33.

F.N.B. Stock Up 0.5 %

NYSE FNB opened at $16.14 on Monday. F.N.B. has a 1-year low of $10.98 and a 1-year high of $16.76. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average is $14.33 and its two-hundred day moving average is $14.06. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 14.81 and a beta of 0.95.

Institutional Trading of F.N.B.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kathleen S. Wright Associates Inc. bought a new stake in F.N.B. during the 3rd quarter worth about $28,000. Richardson Financial Services Inc. grew its stake in shares of F.N.B. by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,473 shares during the last quarter. LRI Investments LLC bought a new position in F.N.B. in the 1st quarter worth approximately $45,000. GAMMA Investing LLC lifted its holdings in F.N.B. by 113.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock worth $45,000 after buying an additional 1,764 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in F.N.B. by 82.3% during the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after buying an additional 1,665 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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.