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

F.N.B. Co. (NYSE:FNB) – Zacks Research reduced their FY2024 earnings per share (EPS) estimates for shares of F.N.B. in a research note issued on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the bank will earn $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.

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

F.N.B. Trading Down 1.0 %

Shares of FNB stock 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 50-day simple moving average of $14.49 and a two-hundred day simple moving average of $14.14. 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 has a market capitalization of $5.93 billion, a price-to-earnings ratio of 15.12 and a beta of 0.95.

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

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 is Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 2.91%. F.N.B.’s payout ratio is presently 44.04%.

Institutional Investors Weigh In On F.N.B.

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in F.N.B. by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after purchasing an additional 647,335 shares during the period. Principal Financial Group Inc. lifted its stake in shares of F.N.B. by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock valued at $69,879,000 after buying an additional 127,516 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in F.N.B. by 2.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock worth $67,986,000 after buying an additional 130,972 shares during the period. Charles Schwab Investment Management Inc. grew its stake in F.N.B. by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock valued at $54,868,000 after buying an additional 218,511 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after buying an additional 1,964,884 shares in the last quarter. Hedge funds and other 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.