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

F.N.B. Co. (NYSE:FNB) – Equities research analysts at Zacks Research lowered their FY2024 earnings per share estimates for shares of F.N.B. in a report released on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the bank will earn $1.33 per share for the year, down from their previous estimate of $1.35. The consensus estimate for F.N.B.’s current full-year earnings is $1.34 per share. Zacks Research also issued estimates for F.N.B.’s Q4 2024 earnings at $0.31 EPS, Q1 2026 earnings at $0.36 EPS and Q2 2026 earnings at $0.40 EPS.

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

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

F.N.B. Stock Performance

Shares of FNB stock opened at $16.53 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. F.N.B. has a 12-month low of $11.55 and a 12-month high of $16.97. The business’s 50 day moving average is $14.54 and its two-hundred day moving average is $14.16. The company has a market capitalization of $5.94 billion, a P/E ratio of 15.17 and a beta of 0.95.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.90%. F.N.B.’s payout ratio is 44.04%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FNB. Kathleen S. Wright Associates Inc. purchased a new position in F.N.B. during the third quarter worth about $28,000. Brooklyn Investment Group purchased a new position in F.N.B. in the third quarter worth approximately $31,000. Richardson Financial Services Inc. increased its stake in F.N.B. by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares during the last quarter. LRI Investments LLC purchased a new stake in F.N.B. in the first quarter valued at $45,000. Finally, GAMMA Investing LLC lifted its stake in shares of F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,764 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.