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

F.N.B. Co. (NYSE:FNB) – Zacks Research increased their FY2024 EPS estimates for shares of F.N.B. in a report released on Wednesday, December 11th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $1.34 for the year, up from their previous forecast of $1.33. 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 $0.32 EPS, Q4 2025 earnings at $0.36 EPS, Q1 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.43 EPS and FY2026 earnings at $1.64 EPS.

FNB has been the subject of a number of other reports. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Wells Fargo & Company raised their price target on shares of F.N.B. from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Raymond James boosted their target price on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price target on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.67.

F.N.B. Trading Down 0.6 %

Shares of FNB opened at $15.82 on Monday. The stock has a fifty day moving average price of $15.65 and a two-hundred day moving average price of $14.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 14.51 and a beta of 0.99. F.N.B. has a 52-week low of $12.49 and a 52-week high of $17.70.

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

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.03%. F.N.B.’s dividend payout ratio (DPR) is presently 44.04%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.03% of the company’s stock.

Institutional Trading of F.N.B.

Large investors have recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new position in F.N.B. during the third quarter worth about $28,000. Brooklyn Investment Group acquired a new stake in shares of F.N.B. during the third quarter worth about $31,000. Richardson Financial Services Inc. lifted its holdings in shares of F.N.B. by 100.0% during the 3rd 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 in the last quarter. UMB Bank n.a. grew its position in shares of F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,665 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in F.N.B. by 31.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after purchasing an additional 1,100 shares in the last quarter. 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.