Zacks Research Estimates F.N.B.'s FY2024 Earnings (NYSE:FNB)

F.N.B. Co. (NYSE:FNB - Free Report) - Equities researchers at Zacks Research cut their FY2024 EPS estimates for shares of F.N.B. in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the bank will earn $1.33 per share for the year, down from their previous forecast of $1.35. The consensus estimate for F.N.B.'s current full-year earnings is $1.34 per share. Zacks Research also issued estimates for F.N.B.'s Q4 2024 earnings at $0.31 EPS, Q1 2026 earnings at $0.36 EPS and Q2 2026 earnings at $0.40 EPS.

A number of other research analysts have also recently weighed in on the stock. StockNews.com upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. Stephens increased their price target on F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Finally, Piper Sandler restated an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, F.N.B. presently has an average rating of "Moderate Buy" and an average target price of $16.33.

F.N.B. Price Performance

Shares of FNB stock traded down $0.17 on Thursday, reaching $16.48. The company's stock had a trading volume of 387,161 shares, compared to its average volume of 2,227,476. F.N.B. has a 1 year low of $11.55 and a 1 year high of $16.97. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock's fifty day simple moving average is $14.45 and its 200-day simple moving average is $14.13. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 15.28 and a beta of 0.95.

F.N.B. (NYSE:FNB - Get Free Report) last released its earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $413.02 million during the quarter, compared to analysts' expectations of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%.

Institutional Trading of F.N.B.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of F.N.B. in the second quarter worth $920,000. CWM LLC lifted its position in F.N.B. by 0.4% during the 3rd quarter. CWM LLC now owns 379,995 shares of the bank's stock worth $5,362,000 after acquiring an additional 1,527 shares during the period. Sei Investments Co. increased its holdings in shares of F.N.B. by 5.8% in the first quarter. Sei Investments Co. now owns 1,341,044 shares of the bank's stock valued at $18,909,000 after purchasing an additional 73,016 shares during the period. Cetera Advisors LLC raised its stake in shares of F.N.B. by 253.4% in the first quarter. Cetera Advisors LLC now owns 92,986 shares of the bank's stock worth $1,311,000 after purchasing an additional 66,676 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of F.N.B. by 48.2% during the first quarter. Cetera Investment Advisers now owns 128,089 shares of the bank's stock worth $1,806,000 after purchasing an additional 41,665 shares during the period. Hedge funds and other institutional investors own 79.25% of the company's stock.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 2.91%. F.N.B.'s dividend payout ratio (DPR) is 44.04%.

About F.N.B.

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.