F.N.B. Co. (NYSE:FNB - Free Report) - Research analysts at DA Davidson issued their Q2 2024 earnings estimates for F.N.B. in a note issued to investors on Monday, April 22nd. DA Davidson analyst M. Navas forecasts that the bank will post earnings of $0.34 per share for the quarter. The consensus estimate for F.N.B.'s current full-year earnings is $1.45 per share. DA Davidson also issued estimates for F.N.B.'s FY2025 earnings at $1.65 EPS.
Several other research firms have also commented on FNB. Raymond James upped their price target on shares of F.N.B. from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Monday, January 22nd. StockNews.com lowered shares of F.N.B. from a "hold" rating to a "sell" rating in a report on Friday, February 16th. Bank of America assumed coverage on shares of F.N.B. in a report on Thursday, January 11th. They issued a "buy" rating and a $15.00 price target on the stock. 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. Finally, Wells Fargo & Company upped their price target on shares of F.N.B. from $14.00 to $16.00 and gave the company an "overweight" rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, F.N.B. presently has an average rating of "Moderate Buy" and an average price target of $15.00.
View Our Latest Stock Analysis on FNB
F.N.B. Stock Performance
Shares of NYSE FNB traded up $0.30 during mid-day trading on Tuesday, hitting $13.64. The stock had a trading volume of 2,514,476 shares, compared to its average volume of 2,132,180. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.92. The company has a 50 day moving average of $13.47 and a two-hundred day moving average of $12.81. F.N.B. has a twelve month low of $10.09 and a twelve month high of $14.19. The firm has a market cap of $4.90 billion, a PE ratio of 11.00, a PEG ratio of 9.07 and a beta of 1.02.
F.N.B. (NYSE:FNB - Get Free Report) last released its earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. The firm had revenue of $406.87 million for the quarter, compared to the consensus estimate of $406.96 million. During the same period in the prior year, the firm earned $0.40 EPS.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of FNB. Norges Bank purchased a new position in F.N.B. in the 4th quarter valued at about $49,533,000. Public Employees Retirement Association of Colorado raised its holdings in F.N.B. by 706.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,208,076 shares of the bank's stock valued at $16,635,000 after acquiring an additional 1,058,293 shares during the last quarter. FMR LLC raised its holdings in F.N.B. by 6.6% in the 3rd quarter. FMR LLC now owns 13,266,361 shares of the bank's stock valued at $143,144,000 after acquiring an additional 822,023 shares during the last quarter. Principal Financial Group Inc. raised 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 acquiring an additional 723,755 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings 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 valued at $134,597,000 after acquiring an additional 694,059 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at F.N.B.
In related news, Director William B. Campbell purchased 2,500 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $13.41 per share, with a total value of $33,525.00. Following the purchase, the director now owns 145,388 shares of the company's stock, valued at approximately $1,949,653.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have purchased 6,500 shares of company stock valued at $87,505. 1.22% of the stock is owned by corporate insiders.
F.N.B. Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Wednesday, March 6th were paid a $0.12 dividend. 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 dividend payout ratio is presently 38.71%.
About F.N.B.
(
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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.
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