F.N.B. (FNB) Set to Announce Earnings on Thursday

F.N.B. (NYSE:FNB) is set to issue its quarterly earnings data after the market closes on Thursday, October 17th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

F.N.B. (NYSE:FNB) last announced its earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The firm had revenue of $403.81 million during the quarter, compared to analysts’ expectations of $408.14 million. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts expect F.N.B. to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

F.N.B. Stock Performance

FNB opened at $14.31 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market cap of $5.15 billion, a P/E ratio of 11.54, a P/E/G ratio of 10.01 and a beta of 0.96. F.N.B. has a 52 week low of $10.24 and a 52 week high of $15.65. The business has a fifty day simple moving average of $14.08 and a 200-day simple moving average of $13.88.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Thursday, September 5th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Thursday, September 5th. F.N.B.’s dividend payout ratio is currently 38.71%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FNB. Stephens restated an “overweight” rating and issued a $16.00 price objective on shares of F.N.B. in a report on Thursday, July 18th. Piper Sandler upped their price objective on F.N.B. from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $16.00 price objective on shares of F.N.B. in a research note on Wednesday, June 26th. Finally, StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.