Brokerages Expect F.N.B. Corp (FNB) Will Post Earnings of $0.29 Per Share
Wall Street analysts expect F.N.B. Corp (NYSE:FNB) to report earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for F.N.B.’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.30. F.N.B. posted earnings per share of $0.27 in the same quarter last year, which would indicate a positive year over year growth rate of 7.4%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 23rd.
According to Zacks, analysts expect that F.N.B. will report full year earnings of $1.17 per share for the current year, with EPS estimates ranging from $1.15 to $1.20. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.23 per share, with EPS estimates ranging from $1.13 to $1.28. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow F.N.B..
F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $296.00 million for the quarter, compared to analyst estimates of $298.73 million. F.N.B. had a net margin of 25.54% and a return on equity of 8.50%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS.
In related news, Director Mary Jo Dively bought 4,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was bought at an average price of $12.36 per share, with a total value of $49,440.00. Following the transaction, the director now owns 21,900 shares of the company’s stock, valued at $270,684. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.59% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of F.N.B. by 4.2% in the 4th quarter. BlackRock Inc. now owns 36,804,150 shares of the bank’s stock worth $362,153,000 after purchasing an additional 1,496,332 shares during the last quarter. Vanguard Group Inc grew its position in shares of F.N.B. by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 29,783,874 shares of the bank’s stock valued at $378,851,000 after buying an additional 488,170 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of F.N.B. by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,773,329 shares of the bank’s stock valued at $124,800,000 after buying an additional 2,450,240 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of F.N.B. by 12.8% during the 1st quarter. Macquarie Group Ltd. now owns 6,957,044 shares of the bank’s stock valued at $73,745,000 after buying an additional 789,791 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of F.N.B. by 2.3% during the 1st quarter. Northern Trust Corp now owns 4,483,689 shares of the bank’s stock valued at $47,527,000 after buying an additional 99,850 shares during the last quarter. 76.09% of the stock is owned by institutional investors.
Shares of FNB traded down $0.22 during midday trading on Friday, hitting $11.00. The company had a trading volume of 1,665,740 shares, compared to its average volume of 1,995,848. The company has a market capitalization of $3.64 billion, a P/E ratio of 9.73, a PEG ratio of 1.01 and a beta of 1.26. F.N.B. has a 52 week low of $9.35 and a 52 week high of $14.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82.
The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 31st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, May 30th. F.N.B.’s payout ratio is currently 42.48%.
F.N.B. Company Profile
F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
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