F.N.B. Corp (NYSE:FNB) Expected to Announce Earnings of $0.29 Per Share
Wall Street brokerages expect F.N.B. Corp (NYSE:FNB) to post $0.29 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have issued 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 business is expected to issue its next earnings results before the market opens 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 fiscal year, with EPS estimates ranging from $1.15 to $1.19. For the next financial year, analysts forecast that the business will report earnings of $1.21 per share, with EPS estimates ranging from $1.13 to $1.25. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover F.N.B..
F.N.B. (NYSE:FNB) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. F.N.B. had a return on equity of 8.50% and a net margin of 25.54%. The business had revenue of $296.00 million for the quarter, compared to analysts’ expectations of $298.73 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business’s revenue was up .7% compared to the same quarter last year.
In related news, Director Mary Jo Dively purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $12.36 per share, for a total transaction of $49,440.00. Following the transaction, the director now directly owns 21,900 shares of the company’s stock, valued at approximately $270,684. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.59% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in F.N.B. by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,323,089 shares of the bank’s stock valued at $91,739,000 after acquiring an additional 1,481,237 shares during the period. Macquarie Group Ltd. increased its position in F.N.B. by 17.5% during the 4th quarter. Macquarie Group Ltd. now owns 6,167,253 shares of the bank’s stock worth $60,686,000 after purchasing an additional 918,930 shares during the period. Bank of New York Mellon Corp increased its position in F.N.B. by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,012,906 shares of the bank’s stock worth $39,486,000 after purchasing an additional 112,456 shares during the period. Norges Bank acquired a new position in F.N.B. during the 4th quarter worth approximately $33,720,000. Finally, Geode Capital Management LLC increased its position in F.N.B. by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 3,383,528 shares of the bank’s stock worth $33,293,000 after purchasing an additional 238,969 shares during the period. Hedge funds and other institutional investors own 76.08% of the company’s stock.
Shares of FNB traded up $0.05 during midday trading on Thursday, reaching $11.60. 1,063,570 shares of the stock were exchanged, compared to its average volume of 2,277,317. The firm has a 50-day simple moving average of $11.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. F.N.B. has a twelve month low of $9.35 and a twelve month high of $13.88. The stock has a market cap of $3.82 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25.
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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