FY2027 Earnings Estimate for F.N.B. Issued By Zacks Research

Key Points

• Zacks Research slightly lowered its FY2027 EPS estimate for F.N.B. to $1.94 from $1.95, while the current consensus estimate is $1.73 per share.
• F.N.B. recently matched quarterly EPS expectations at $0.38, though revenue of $450.0 million came in a bit below the $454.1 million forecast.
• The bank has also raised its quarterly dividend to $0.13 per share, implying an annualized yield of about 2.9%.

F.N.B. Corporation (NYSE:FNB - Free Report) - Equities research analysts at Zacks Research lowered their FY2027 EPS estimates for F.N.B. in a report issued on Thursday, May 7th. Zacks Research analyst Team now forecasts that the bank will post earnings of $1.94 per share for the year, down from their previous forecast of $1.95. The consensus estimate for F.N.B.'s current full-year earnings is $1.73 per share. Zacks Research also issued estimates for F.N.B.'s Q4 2027 earnings at $0.53 EPS.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.38. The firm had revenue of $450.00 million for the quarter, compared to analysts' expectations of $454.06 million. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.During the same period last year, the firm earned $0.32 earnings per share.

A number of other brokerages have also recently commented on FNB. Piper Sandler reaffirmed an "overweight" rating and issued a $21.00 price target (up from $20.00) on shares of F.N.B. in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods increased their price objective on F.N.B. from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Monday, April 20th. Finally, Truist Financial raised their target price on shares of F.N.B. from $19.50 to $20.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, F.N.B. currently has an average rating of "Buy" and a consensus price target of $20.20.

F.N.B. Trading Down 0.1%

NYSE FNB opened at $17.88 on Monday. The firm has a market cap of $6.37 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.85 and a beta of 0.87. F.N.B. has a 1-year low of $13.44 and a 1-year high of $19.14. The stock has a 50-day moving average of $17.06 and a 200-day moving average of $17.04. 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. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.13 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from F.N.B.'s previous quarterly dividend of $0.12. F.N.B.'s dividend payout ratio is 29.63%.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently made changes to their positions in FNB. CoreCap Advisors LLC purchased a new stake in F.N.B. in the fourth quarter worth $34,000. Root Financial Partners LLC increased its position in F.N.B. by 66.8% during the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank's stock valued at $34,000 after purchasing an additional 820 shares during the period. EverSource Wealth Advisors LLC raised its holdings in F.N.B. by 3,723.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank's stock worth $36,000 after purchasing an additional 2,420 shares in the last quarter. Triumph Capital Management bought a new position in F.N.B. in the 3rd quarter worth $55,000. Finally, Parallel Advisors LLC lifted its position in shares of F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank's stock worth $73,000 after purchasing an additional 720 shares during the period. Institutional investors own 79.25% of the company's stock.

F.N.B. Company Profile

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company's main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.

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