FY2024 Earnings Forecast for F.N.B. Issued By Zacks Research

F.N.B. Co. (NYSE:FNB - Free Report) - Analysts at Zacks Research upped their FY2024 earnings estimates for shares of F.N.B. in a research note issued to investors on Wednesday, December 11th. Zacks Research analyst R. Department now forecasts that the bank will earn $1.34 per share for the year, up from their prior estimate of $1.33. 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 $0.32 EPS, Q4 2025 earnings at $0.36 EPS, Q1 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.43 EPS and FY2026 earnings at $1.64 EPS.

FNB has been the topic of a number of other reports. Piper Sandler reiterated an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. StockNews.com upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods boosted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Stephens raised their price objective on F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Wells Fargo & Company upped their target price on F.N.B. from $16.00 to $19.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, F.N.B. currently has an average rating of "Moderate Buy" and an average target price of $17.67.

F.N.B. Stock Down 0.6 %

NYSE FNB traded down $0.09 during trading on Monday, hitting $15.82. The stock had a trading volume of 4,193,766 shares, compared to its average volume of 2,219,145. F.N.B. has a 12 month low of $12.49 and a 12 month high of $17.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The company's 50-day moving average price is $15.61 and its two-hundred day moving average price is $14.56. The company has a market capitalization of $5.69 billion, a PE ratio of 14.60 and a beta of 0.99.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of F.N.B. during the second quarter worth approximately $920,000. CWM LLC grew its position in F.N.B. by 0.4% in the third quarter. CWM LLC now owns 379,995 shares of the bank's stock valued at $5,362,000 after acquiring an additional 1,527 shares during the last quarter. Petiole USA ltd increased its position in F.N.B. by 48.1% during the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank's stock worth $2,475,000 after purchasing an additional 57,000 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of F.N.B. in the 3rd quarter valued at $447,000. Finally, AQR Capital Management LLC boosted its stake in shares of F.N.B. by 181.6% during the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank's stock valued at $41,045,000 after purchasing an additional 1,964,884 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company's stock.

Insider Activity at F.N.B.

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now directly owns 1,652,229 shares of the company's stock, valued at $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.03% of the stock is currently owned by company insiders.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were paid a $0.12 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 3.03%. F.N.B.'s dividend payout ratio (DPR) is currently 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.