F.N.B. Co. (NYSE:FNB) to Post Q2 2024 Earnings of $0.34 Per Share, DA Davidson Forecasts

F.N.B. Co. (NYSE:FNB) – DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for F.N.B. in a research report issued on Monday, April 22nd. DA Davidson analyst M. Navas expects that the bank will post earnings per share of $0.34 for the quarter. The consensus estimate for F.N.B.’s current full-year earnings is $1.45 per share. DA Davidson also issued estimates for F.N.B.’s FY2025 earnings at $1.65 EPS.

FNB has been the topic of a number of other research reports. Bank of America began coverage on F.N.B. in a research note on Thursday, January 11th. They set a “buy” rating and a $15.00 target price on the stock. Stephens lowered their price objective on F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Raymond James raised their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Wells Fargo & Company raised their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, StockNews.com lowered F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.00.

F.N.B. Price Performance

Shares of NYSE FNB opened at $13.66 on Tuesday. The firm has a market cap of $4.91 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 9.23 and a beta of 1.02. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. F.N.B. has a 1-year low of $10.09 and a 1-year high of $14.19. The business’s 50 day moving average is $13.48 and its 200-day moving average is $12.82.

F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $406.87 million for the quarter, compared to analyst estimates of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter last year, the company earned $0.40 earnings per share.

Hedge Funds Weigh In On F.N.B.

Hedge funds and other institutional investors have recently modified their holdings of the business. First Command Advisory Services Inc. bought a new position in shares of F.N.B. in the 3rd quarter valued at $27,000. Clearstead Advisors LLC acquired a new stake in shares of F.N.B. during the 3rd quarter valued at $36,000. Vestor Capital LLC acquired a new stake in shares of F.N.B. during the 4th quarter valued at $42,000. Ronald Blue Trust Inc. boosted its holdings in shares of F.N.B. by 447.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 4,546 shares of the bank’s stock valued at $52,000 after acquiring an additional 3,715 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of F.N.B. by 272.9% during the 4th quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank’s stock valued at $53,000 after acquiring an additional 2,841 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

Insider Activity

In other F.N.B. news, Director William B. Campbell purchased 2,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were bought at an average price of $13.41 per share, for a total transaction of $33,525.00. Following the purchase, the director now owns 145,388 shares in the company, valued at approximately $1,949,653.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have acquired 6,500 shares of company stock worth $87,505. Insiders own 1.22% of the company’s stock.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 annualized dividend and a dividend yield of 3.51%. F.N.B.’s payout ratio is 38.71%.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.