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

F.N.B. Co. (NYSE:FNB) – Research analysts at Zacks Research lowered their FY2024 earnings per share estimates for shares of F.N.B. in a note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the bank will earn $1.33 per share for the year, down from their previous 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 released its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $413.02 million during the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%.

Several other research firms also recently commented on FNB. Stephens upped their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Finally, StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” 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 MarketBeat, F.N.B. presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.33.

F.N.B. Trading Down 0.3 %

Shares of FNB stock opened at $16.66 on Thursday. The stock has a market capitalization of $5.99 billion, a P/E ratio of 15.28 and a beta of 0.95. The company has a 50 day moving average price of $14.45 and a 200 day moving average price of $14.13. F.N.B. has a fifty-two week low of $11.51 and a fifty-two 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.

Hedge Funds Weigh In On F.N.B.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Townsquare Capital LLC bought a new position in F.N.B. in the third quarter worth approximately $257,000. BNP Paribas Financial Markets increased its stake in shares of F.N.B. by 527.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 141,413 shares of the bank’s stock worth $1,995,000 after purchasing an additional 118,868 shares during the last quarter. Petiole USA ltd raised its stake in F.N.B. by 48.1% in the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after acquiring an additional 57,000 shares during the period. Brooklyn Investment Group purchased a new position in F.N.B. in the 3rd quarter valued at approximately $31,000. Finally, Quantbot Technologies LP purchased a new stake in F.N.B. during the 3rd quarter worth about $1,237,000. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Dividend Announcement

The firm also recently declared 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 of this dividend is Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 2.88%. F.N.B.’s payout ratio is currently 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.