$298.29 Million in Sales Expected for F.N.B. Corp (FNB) This Quarter
Wall Street brokerages expect F.N.B. Corp (NYSE:FNB) to post sales of $298.29 million for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for F.N.B.’s earnings. The lowest sales estimate is $294.93 million and the highest is $300.96 million. F.N.B. reported sales of $227.87 million during the same quarter last year, which indicates a positive year-over-year growth rate of 30.9%. The firm is expected to report its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that F.N.B. will report full-year sales of $298.29 million for the current year, with estimates ranging from $1.23 billion to $1.26 billion. For the next year, analysts anticipate that the company will post sales of $1.34 billion per share, with estimates ranging from $1.32 billion to $1.37 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover F.N.B..
F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. F.N.B. had a net margin of 16.00% and a return on equity of 6.69%. The company had revenue of $295.14 million for the quarter, compared to the consensus estimate of $295.89 million. During the same quarter in the prior year, the company earned $0.24 EPS.
In other F.N.B. news, Director Frank C. Mencini bought 2,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $13.81 per share, for a total transaction of $27,620.00. Following the transaction, the director now directly owns 24,611 shares of the company’s stock, valued at approximately $339,877.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William B. Campbell sold 3,300 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $14.48, for a total value of $47,784.00. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 6,250 shares of company stock worth $86,633. Insiders own 1.21% of the company’s stock.
Several large investors have recently made changes to their positions in FNB. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of F.N.B. during the 4th quarter valued at approximately $118,284,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of F.N.B. during the 4th quarter valued at approximately $42,816,000. Citadel Advisors LLC lifted its position in shares of F.N.B. by 583.6% during the 3rd quarter. Citadel Advisors LLC now owns 1,858,469 shares of the bank’s stock valued at $26,075,000 after buying an additional 1,586,590 shares in the last quarter. Snow Capital Management LP lifted its position in shares of F.N.B. by 62.5% during the 4th quarter. Snow Capital Management LP now owns 3,958,851 shares of the bank’s stock valued at $54,711,000 after buying an additional 1,522,178 shares in the last quarter. Finally, Hamlin Capital Management LLC lifted its position in shares of F.N.B. by 23.2% during the 3rd quarter. Hamlin Capital Management LLC now owns 5,691,678 shares of the bank’s stock valued at $79,854,000 after buying an additional 1,071,738 shares in the last quarter. Hedge funds and other institutional investors own 76.62% of the company’s stock.
Shares of F.N.B. (FNB) traded up $0.35 during trading hours on Friday, reaching $14.25. 2,230,325 shares of the company traded hands, compared to its average volume of 2,432,678. F.N.B. has a one year low of $12.02 and a one year high of $16.33. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4,490.00, a P/E ratio of 23.16, a PEG ratio of 1.29 and a beta of 0.91.
F.N.B. Company Profile
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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