Zacks Research Has Negative Forecast for F.N.B. Q3 Earnings

Key Points

• Zacks Research lowered F.N.B.’s Q3 2027 EPS estimate to $0.49 from $0.50, while forecasting full-year earnings of $1.69 per share and FY2027 earnings of $1.89 per share.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus rating and an average price target of $20.75, despite Truist Financial and Bank of America recently reducing their targets.
• F.N.B. reported quarterly EPS of $0.42, matching consensus, and maintains a quarterly dividend of $0.13 per share, equivalent to a 3.0% annualized yield.

F.N.B. Corporation (NYSE:FNB - Free Report) - Research analysts at Zacks Research dropped their Q3 2027 EPS estimates for F.N.B. in a report issued on Thursday, September 24th. Zacks Research analyst Team now forecasts that the bank will post earnings of $0.49 per share for the quarter, down from their previous estimate of $0.50. The consensus estimate for F.N.B.'s current full-year earnings is $1.69 per share. Zacks Research also issued estimates for F.N.B.'s FY2027 earnings at $1.89 EPS.

Several other analysts have also issued reports on the company. Truist Financial cut their target price on F.N.B. from $21.00 to $20.50 and set a "buy" rating for the company in a research note on Monday, July 20th. Bank of America restated a "neutral" rating and issued a $19.00 price objective (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Piper Sandler reaffirmed an "overweight" rating on shares of F.N.B. in a report on Monday, July 20th. UBS Group began coverage on shares of F.N.B. in a research note on Monday, September 14th. They issued a "neutral" rating and a $20.00 price target for the company. Finally, Weiss Ratings restated a "buy (b)" rating on shares of F.N.B. in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.75.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $17.43 on Friday. The firm has a market capitalization of $6.15 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 1.12 and a beta of 0.84. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. F.N.B. has a 12 month low of $14.45 and a 12 month high of $19.59. The business's 50-day moving average price is $18.63 and its 200-day moving average price is $18.00.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings results on Friday, July 17th. The bank reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.The business had revenue of $463.00 million for the quarter, compared to the consensus estimate of $467.13 million. During the same quarter last year, the business posted $0.36 earnings per share.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. purchased a new stake in shares of F.N.B. during the first quarter worth about $3,381,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in F.N.B. during the 2nd quarter valued at about $1,364,000. Rhino Investment Partners Inc raised its position in F.N.B. by 47.8% during the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank's stock valued at $20,188,000 after purchasing an additional 390,526 shares during the last quarter. Amundi lifted its holdings in F.N.B. by 980.6% in the 2nd quarter. Amundi now owns 382,193 shares of the bank's stock worth $7,292,000 after buying an additional 346,824 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of F.N.B. by 12.5% in the 2nd quarter. Wellington Management Group LLP now owns 1,318,016 shares of the bank's stock worth $25,148,000 after buying an additional 146,571 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.

Insiders Place Their Bets

In other F.N.B. news, insider Bryant Mitchell David sold 4,055 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $19.25, for a total transaction of $78,058.75. Following the completion of the sale, the insider owned 144,283 shares of the company's stock, valued at $2,777,447.75. This represents a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by insiders.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, September 1st. F.N.B.'s dividend payout ratio is currently 30.95%.

F.N.B. Company Profile

F.N.B. Corporation is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It operates primarily through its banking subsidiary, First National Bank of Pennsylvania, which provides services to consumers, businesses, and institutional clients.

The company offers a broad range of banking products and services, including checking and savings accounts, consumer lending, residential and commercial real estate financing, business loans, treasury management, and wealth management.

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