What is DA Davidson's Estimate for F.N.B. FY2024 Earnings?

F.N.B. Co. (NYSE:FNB - Free Report) - Research analysts at DA Davidson dropped their FY2024 earnings per share estimates for shares of F.N.B. in a research note issued to investors on Tuesday, October 22nd. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $1.35 per share for the year, down from their prior estimate of $1.40. The consensus estimate for F.N.B.'s current full-year earnings is $1.38 per share. DA Davidson also issued estimates for F.N.B.'s Q4 2024 earnings at $0.33 EPS and FY2025 earnings at $1.50 EPS.

FNB has been the subject of several other research reports. Piper Sandler reissued an "overweight" rating on shares of F.N.B. in a research report on Friday, October 18th. StockNews.com raised F.N.B. from a "sell" rating to a "hold" rating in a research note on Monday. Stephens increased their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $16.00 target price on shares of F.N.B. in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to 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. Trading Up 0.8 %

FNB stock traded up $0.12 during midday trading on Wednesday, hitting $14.48. The company had a trading volume of 2,578,112 shares, compared to its average volume of 2,204,737. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. F.N.B. has a 52 week low of $10.24 and a 52 week high of $15.65. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 10.01 and a beta of 0.96. The stock's 50 day moving average price is $14.20 and its 200 day moving average price is $13.91.

Institutional Trading of F.N.B.

Hedge funds have recently modified their holdings of the business. Kathleen S. Wright Associates Inc. purchased a new position in shares of F.N.B. during the third quarter valued at approximately $28,000. LRI Investments LLC purchased a new position in F.N.B. during the first quarter valued at $45,000. GAMMA Investing LLC boosted its holdings in F.N.B. by 113.8% in the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank's stock worth $45,000 after acquiring an additional 1,764 shares in the last quarter. UMB Bank n.a. grew its stake in shares of F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank's stock worth $52,000 after acquiring an additional 1,665 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of F.N.B. by 16.7% during the third quarter. Signaturefd LLC now owns 5,592 shares of the bank's stock valued at $79,000 after acquiring an additional 799 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 5th. F.N.B.'s payout ratio is presently 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.