FY2024 Earnings Estimate for F.N.B. Issued By Zacks Research

F.N.B. Co. (NYSE:FNB) – Zacks Research upped their FY2024 EPS estimates for F.N.B. in a note issued to investors on Wednesday, December 11th. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $1.34 per share for the year, up from their previous estimate of $1.33. The consensus estimate for F.N.B.’s current full-year earnings is $1.34 per share. Zacks Research also issued estimates for F.N.B.’s Q4 2024 earnings at $0.32 EPS, Q4 2025 earnings at $0.36 EPS, Q1 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.43 EPS and FY2026 earnings at $1.64 EPS.

Other equities analysts have also issued reports about the stock. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Stephens raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Raymond James lifted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company upped their target price on F.N.B. from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods raised their target price on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.67.

F.N.B. Price Performance

Shares of NYSE FNB opened at $15.41 on Monday. F.N.B. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The company has a market cap of $5.54 billion, a PE ratio of 14.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The business has a 50-day simple moving average of $15.69 and a two-hundred day simple moving average of $14.58.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The business had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million.

Institutional Investors Weigh In On F.N.B.

Hedge funds have recently bought and sold shares of the stock. World Investment Advisors LLC acquired a new position in shares of F.N.B. in the 3rd quarter valued at $405,000. TD Private Client Wealth LLC raised its position in shares of F.N.B. by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 6,332 shares of the bank’s stock worth $89,000 after acquiring an additional 1,383 shares during the period. Barclays PLC boosted its stake in shares of F.N.B. by 4.6% during the 3rd quarter. Barclays PLC now owns 449,839 shares of the bank’s stock worth $6,348,000 after acquiring an additional 19,589 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of F.N.B. by 2.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 145,059 shares of the bank’s stock valued at $2,047,000 after acquiring an additional 3,526 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of F.N.B. by 31.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insider Buying and Selling at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.03% of the stock is owned by corporate insiders.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.12%. F.N.B.’s dividend payout ratio is presently 44.04%.

About F.N.B.

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.