F.N.B. Corp (FNB) Expected to Announce Earnings of $0.28 Per Share
Wall Street brokerages expect F.N.B. Corp (NYSE:FNB) to announce $0.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for F.N.B.’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.29. F.N.B. posted earnings per share of $0.24 during the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The firm is expected to report its next quarterly earnings report on Thursday, October 18th.
On average, analysts expect that F.N.B. will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.07 to $1.11. For the next year, analysts expect that the company will post earnings of $1.18 per share, with EPS estimates ranging from $1.13 to $1.24. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow F.N.B..
F.N.B. (NYSE:FNB) last released its earnings results on Tuesday, July 24th. The bank reported $0.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. F.N.B. had a return on equity of 7.70% and a net margin of 19.91%. The firm had revenue of $304.00 million during the quarter, compared to analysts’ expectations of $305.86 million. During the same period in the previous year, the firm posted $0.23 EPS. F.N.B.’s revenue for the quarter was up 6.9% on a year-over-year basis.
In other news, Director Frank C. Mencini bought 2,000 shares of F.N.B. stock in a transaction dated Monday, August 13th. The stock was acquired at an average cost of $13.07 per share, with a total value of $26,140.00. Following the acquisition, the director now owns 32,681 shares of the company’s stock, valued at $427,140.67. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.63% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of FNB. BlackRock Inc. lifted its holdings in shares of F.N.B. by 17.4% in the 1st quarter. BlackRock Inc. now owns 34,295,880 shares of the bank’s stock valued at $461,277,000 after purchasing an additional 5,085,457 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of F.N.B. by 433.2% in the 2nd quarter. Victory Capital Management Inc. now owns 4,088,768 shares of the bank’s stock valued at $54,871,000 after purchasing an additional 3,321,888 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of F.N.B. by 36.7% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,698,305 shares of the bank’s stock valued at $157,342,000 after purchasing an additional 3,139,400 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of F.N.B. in the 2nd quarter valued at about $39,646,000. Finally, Bank of America Corp DE lifted its holdings in shares of F.N.B. by 112.2% in the 2nd quarter. Bank of America Corp DE now owns 4,502,217 shares of the bank’s stock valued at $60,419,000 after purchasing an additional 2,380,341 shares during the last quarter. 80.89% of the stock is owned by institutional investors and hedge funds.
FNB traded down $0.01 on Thursday, hitting $13.14. 70,081 shares of the company were exchanged, compared to its average volume of 2,440,678. F.N.B. has a twelve month low of $12.44 and a twelve month high of $14.91. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.28 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.82 and a quick ratio of 0.82.
The firm also recently declared a quarterly dividend, which was paid on Saturday, September 15th. Shareholders of record on Tuesday, September 4th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Friday, August 31st. F.N.B.’s dividend payout ratio (DPR) is 51.61%.
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 four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. 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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