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

F.N.B. Co. (NYSE:FNB) – Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of F.N.B. in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the bank will post earnings of $1.33 per share for the year, down from their prior estimate 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.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $413.02 million during 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%.

FNB has been the topic of a number of other research reports. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Stephens lifted their target price on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, F.N.B. currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.33.

F.N.B. Trading Down 1.0 %

NYSE:FNB opened at $16.49 on Thursday. F.N.B. has a 52 week low of $11.55 and a 52 week high of $16.97. 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 firm’s fifty day moving average is $14.49 and its 200-day moving average is $14.14. The firm has a market cap of $5.93 billion, a P/E ratio of 15.12 and a beta of 0.95.

F.N.B. Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNB. Edgestream Partners L.P. acquired a new position in shares of F.N.B. during the third quarter worth approximately $1,092,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in F.N.B. by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 883,005 shares of the bank’s stock valued at $12,459,000 after purchasing an additional 16,438 shares in the last quarter. Townsquare Capital LLC acquired a new position in F.N.B. during the third quarter worth $257,000. BNP Paribas Financial Markets raised its holdings in F.N.B. by 527.2% during the third quarter. BNP Paribas Financial Markets now owns 141,413 shares of the bank’s stock worth $1,995,000 after buying an additional 118,868 shares during the last quarter. Finally, Petiole USA ltd grew its holdings in shares of F.N.B. by 48.1% during the third quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after buying an additional 57,000 shares during the last quarter. Institutional investors own 79.25% of the company’s stock.

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.