Zacks Research Predicts F.N.B.’s FY2024 Earnings (NYSE:FNB)

F.N.B. Co. (NYSE:FNB) – Zacks Research increased their FY2024 EPS estimates for F.N.B. in a research note issued on Wednesday, December 11th. Zacks Research analyst R. Department now forecasts that the bank will post earnings per share of $1.34 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.

F.N.B. (NYSE:FNB) last issued 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). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The business had revenue of $413.02 million during the quarter, compared to analysts’ expectations of $409.80 million.

FNB has been the subject of several other reports. Keefe, Bruyette & Woods raised their price objective on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Raymond James raised their price target on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company raised their target price on shares of F.N.B. from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, F.N.B. currently has an average rating of “Moderate Buy” and an average target price of $17.67.

F.N.B. Trading Down 2.6 %

FNB opened at $15.41 on Monday. The stock has a 50-day moving average of $15.69 and a 200 day moving average of $14.58. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. F.N.B. has a 12 month low of $12.49 and a 12 month high of $17.70. The firm has a market cap of $5.54 billion, a P/E ratio of 14.13 and a beta of 0.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of F.N.B. in the 2nd quarter worth $920,000. CWM LLC raised its holdings in shares of 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 in the last quarter. Jane Street Group LLC lifted its stake in F.N.B. by 780.7% in the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after acquiring an additional 316,515 shares during the period. Petiole USA ltd grew its holdings 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 acquiring an additional 57,000 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in F.N.B. during the 3rd quarter valued at about $447,000. Institutional investors own 79.25% of the company’s stock.

Insider Activity

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction 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 approximately $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.03% of the company’s stock.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.12%. F.N.B.’s dividend payout ratio (DPR) is 44.04%.

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.