Analysts Issue Forecasts for F.N.B. Co.’s FY2024 Earnings (NYSE:FNB)

F.N.B. Co. (NYSE:FNB) – Equities researchers at DA Davidson reduced their FY2024 EPS estimates for shares of F.N.B. in a research report issued on Monday, April 22nd. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $1.45 for the year, down from their prior forecast of $1.65. The consensus estimate for F.N.B.’s current full-year earnings is $1.42 per share.

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

Other equities research analysts also recently issued reports about the stock. Raymond James lifted their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Wells Fargo & Company raised their target price on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Stephens lowered their price target on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Bank of America started coverage on F.N.B. in a report on Thursday, January 11th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

F.N.B. Trading Down 0.4 %

Shares of NYSE:FNB opened at $13.62 on Wednesday. The company has a market capitalization of $4.89 billion, a PE ratio of 10.98, a P/E/G ratio of 9.60 and a beta of 1.02. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $13.48 and its 200-day simple moving average is $12.82. F.N.B. has a 12-month low of $10.09 and a 12-month high of $14.19.

Hedge Funds Weigh In On F.N.B.

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

Insider Activity at F.N.B.

In other F.N.B. news, Director William B. Campbell bought 2,500 shares of F.N.B. stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $13.41 per share, with a total value of $33,525.00. Following the purchase, the director now directly owns 145,388 shares in the company, valued at approximately $1,949,653.08. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders acquired a total of 6,500 shares of company stock worth $87,505 in the last 90 days. Corporate insiders own 1.03% 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. Stockholders 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 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%.

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.