Equities analysts expect F.N.B. Corp (NYSE:FNB) to report sales of $295.86 million for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for F.N.B.’s earnings, with the highest sales estimate coming in at $300.31 million and the lowest estimate coming in at $289.65 million. F.N.B. reported sales of $210.35 million in the same quarter last year, which would indicate a positive year over year growth rate of 40.7%. The company is expected to report its next earnings results on Wednesday, January 17th.
On average, analysts expect that F.N.B. will report full year sales of $295.86 million for the current fiscal year, with estimates ranging from $1.09 billion to $1.12 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.24 billion per share, with estimates ranging from $1.21 billion to $1.26 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover F.N.B..
F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $291.38 million during the quarter, compared to analysts’ expectations of $299.47 million. F.N.B. had a net margin of 19.95% and a return on equity of 6.81%. During the same quarter last year, the company posted $0.24 earnings per share.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of F.N.B. from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada reissued a “hold” rating and issued a $15.00 price objective on shares of F.N.B. in a research report on Friday, September 8th. ValuEngine raised shares of F.N.B. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 price objective on shares of F.N.B. in a research report on Tuesday, October 3rd. Finally, Boenning Scattergood raised shares of F.N.B. from a “neutral” rating to an “outperform” rating in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. F.N.B. presently has a consensus rating of “Buy” and an average price target of $17.31.
In other F.N.B. news, Director Frank C. Mencini purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of $12.93 per share, with a total value of $25,860.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Moorehead purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the transaction, the insider now owns 25,312 shares of the company’s stock, valued at approximately $340,699.52. The disclosure for this purchase can be found here. Insiders bought 8,500 shares of company stock worth $113,350 over the last three months. Insiders own 1.21% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in F.N.B. by 3.0% during the second quarter. Vanguard Group Inc. now owns 27,139,637 shares of the bank’s stock worth $384,298,000 after acquiring an additional 781,511 shares during the period. State Street Corp increased its position in F.N.B. by 3.2% during the second quarter. State Street Corp now owns 18,107,627 shares of the bank’s stock worth $256,409,000 after acquiring an additional 555,996 shares during the period. Neuberger Berman Group LLC increased its position in F.N.B. by 16.6% during the second quarter. Neuberger Berman Group LLC now owns 11,400,820 shares of the bank’s stock worth $161,436,000 after acquiring an additional 1,620,392 shares during the period. FMR LLC increased its position in F.N.B. by 15.5% during the second quarter. FMR LLC now owns 9,337,204 shares of the bank’s stock worth $132,214,000 after acquiring an additional 1,253,800 shares during the period. Finally, Hamlin Capital Management LLC increased its position in F.N.B. by 23.2% during the third quarter. Hamlin Capital Management LLC now owns 5,691,678 shares of the bank’s stock worth $79,854,000 after acquiring an additional 1,071,738 shares during the period. 75.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of F.N.B. (FNB) opened at $14.24 on Friday. The company has a market cap of $4,494.01, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 1.58 and a beta of 0.96. 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 12 month low of $12.02 and a 12 month high of $16.35.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Thursday, November 30th. F.N.B.’s payout ratio is presently 62.34%.
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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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