FY2024 EPS Estimates for F.N.B. Co. Cut by Analyst (NYSE:FNB)

F.N.B. Co. (NYSE:FNB) – Analysts at DA Davidson lowered their FY2024 earnings per share estimates for F.N.B. in a note issued to investors on Monday, April 22nd. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $1.45 for the year, down from their previous forecast of $1.65. The consensus estimate for F.N.B.’s current full-year earnings is $1.45 per share.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $406.87 million during 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 quarter in the prior year, the firm earned $0.40 EPS.

FNB has been the subject of a number of other reports. Raymond James increased their target price on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Stephens cut their price target on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, April 19th. StockNews.com downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Bank of America began coverage on shares of F.N.B. in a report on Thursday, January 11th. They issued a “buy” rating and a $15.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

F.N.B. Trading Up 2.2 %

NYSE FNB opened at $13.64 on Wednesday. F.N.B. has a 52-week low of $10.09 and a 52-week high of $14.19. The firm has a 50-day moving average price of $13.47 and a 200 day moving average price of $12.81. The stock has a market capitalization of $4.90 billion, a P/E ratio of 11.00, a P/E/G ratio of 9.23 and a beta of 1.02. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35.

Institutional Trading of F.N.B.

A number of hedge funds have recently bought and sold shares of FNB. Vanguard Group Inc. raised its holdings in F.N.B. by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock valued at $541,806,000 after acquiring an additional 156,120 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in F.N.B. by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,292,019 shares of the bank’s stock valued at $293,193,000 after purchasing an additional 136,104 shares during the last quarter. FMR LLC lifted its position in F.N.B. by 6.6% during the third quarter. FMR LLC now owns 13,266,361 shares of the bank’s stock worth $143,144,000 after buying an additional 822,023 shares during the period. American Century Companies Inc. boosted its stake in F.N.B. by 5.9% in the 3rd quarter. American Century Companies Inc. now owns 12,474,225 shares of the bank’s stock worth $134,597,000 after buying an additional 694,059 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in F.N.B. by 17.2% in the 4th quarter. Principal Financial Group Inc. now owns 4,921,251 shares of the bank’s stock valued at $67,766,000 after buying an additional 723,755 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insider Buying and Selling at F.N.B.

In other news, Director William B. Campbell purchased 2,500 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was acquired at an average cost of $13.48 per share, for a total transaction of $33,700.00. Following the completion of the acquisition, the director now directly owns 149,458 shares in the company, valued at approximately $2,014,693.84. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired 6,500 shares of company stock valued at $87,505 over the last quarter. Corporate insiders own 1.22% of the company’s stock.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Tuesday, March 5th. F.N.B.’s payout ratio is currently 38.71%.

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.