Brokerages expect that F.N.B. Corporation (NYSE:FNB) will announce earnings of $0.25 per share for the current quarter, Zacks reports. Nine analysts have made estimates for F.N.B. Corporation’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.23. F.N.B. Corporation reported earnings of $0.24 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The business is expected to report its next quarterly earnings results on Wednesday, October 18th.
On average, analysts expect that F.N.B. Corporation will report full year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.93 to $1.00. For the next year, analysts forecast that the business will post earnings of $1.12 per share, with EPS estimates ranging from $1.04 to $1.19. Zacks’ EPS averages are an average based on a survey of research analysts that cover F.N.B. Corporation.
F.N.B. Corporation (NYSE:FNB) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $284.50 million for the quarter, compared to the consensus estimate of $294.39 million. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The business’s revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS.
Several research firms recently issued reports on FNB. Zacks Investment Research raised shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research report on Friday, April 7th. Jefferies Group LLC set a $18.00 target price on shares of F.N.B. Corporation and gave the stock a “buy” rating in a research report on Saturday, May 6th. Boenning Scattergood reissued a “hold” rating on shares of F.N.B. Corporation in a research report on Friday. Wells Fargo & Company began coverage on shares of F.N.B. Corporation in a research report on Friday, June 2nd. They issued an “outperform” rating on the stock. Finally, Keefe, Bruyette & Woods raised shares of F.N.B. Corporation to a “hold” rating and set a $16.00 target price on the stock in a research report on Monday, June 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. F.N.B. Corporation presently has a consensus rating of “Buy” and an average target price of $17.94.
In other news, insider Gary L. Guerrieri sold 19,000 shares of F.N.B. Corporation stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $14.17, for a total transaction of $269,230.00. Following the sale, the insider now owns 55,707 shares in the company, valued at $789,368.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.21% of the company’s stock.
Several hedge funds have recently modified their holdings of FNB. BlackRock Inc. raised its stake in shares of F.N.B. Corporation by 25,256.7% in the first quarter. BlackRock Inc. now owns 36,800,404 shares of the bank’s stock worth $547,224,000 after buying an additional 36,655,273 shares during the period. Vanguard Group Inc. raised its stake in shares of F.N.B. Corporation by 55.1% in the first quarter. Vanguard Group Inc. now owns 26,358,126 shares of the bank’s stock worth $391,945,000 after buying an additional 9,358,583 shares during the period. State Street Corp raised its stake in shares of F.N.B. Corporation by 44.6% in the first quarter. State Street Corp now owns 17,551,631 shares of the bank’s stock worth $260,994,000 after buying an additional 5,411,024 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of F.N.B. Corporation by 21.8% in the first quarter. Dimensional Fund Advisors LP now owns 15,455,870 shares of the bank’s stock worth $229,830,000 after buying an additional 2,768,360 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in shares of F.N.B. Corporation by 6.8% in the first quarter. Neuberger Berman Group LLC now owns 9,780,428 shares of the bank’s stock worth $145,435,000 after buying an additional 625,333 shares during the period. Institutional investors and hedge funds own 74.72% of the company’s stock.
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Shares of F.N.B. Corporation (NYSE FNB) opened at 13.29 on Monday. F.N.B. Corporation has a 1-year low of $11.86 and a 1-year high of $16.43. The stock has a market capitalization of $4.37 billion, a P/E ratio of 17.08 and a beta of 0.95. The stock has a 50 day moving average of $14.02 and a 200-day moving average of $14.66.
About F.N.B. Corporation
F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.
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