$299.53 Million in Sales Expected for F.N.B. Corporation (FNB) This Quarter

Equities analysts expect that F.N.B. Corporation (NYSE:FNB) will report sales of $299.53 million for the current quarter, according to Zacks. Eight analysts have provided estimates for F.N.B. Corporation’s earnings. The highest sales estimate is $304.00 million and the lowest is $295.12 million. F.N.B. Corporation reported sales of $210.75 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 42.1%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, October 19th.

According to Zacks, analysts expect that F.N.B. Corporation will report full year sales of $299.53 million for the current fiscal year, with estimates ranging from $1.11 billion to $1.13 billion. For the next financial year, analysts anticipate that the business will report sales of $1.27 billion per share, with estimates ranging from $1.23 billion to $1.29 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow F.N.B. Corporation.

F.N.B. Corporation (NYSE:FNB) last released its earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.23. The company had revenue of $284.50 million for the quarter, compared to analyst estimates of $294.39 million. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS.

Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of F.N.B. Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $15.00 price objective on shares of F.N.B. Corporation in a research note on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price objective on shares of F.N.B. Corporation in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.00 price objective on shares of F.N.B. Corporation in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.39.

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In other news, Director William B. Campbell sold 3,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $13.90, for a total transaction of $41,700.00. Following the transaction, the director now directly owns 84,370 shares of the company’s stock, valued at $1,172,743. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gary L. Guerrieri sold 7,000 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $13.19, for a total transaction of $92,330.00. Following the transaction, the insider now directly owns 38,407 shares in the company, valued at $506,588.33. The disclosure for this sale can be found here. Insiders own 1.21% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ffcm LLC acquired a new position in shares of F.N.B. Corporation during the second quarter worth $114,000. Stifel Financial Corp raised its holdings in F.N.B. Corporation by 1.9% in the second quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after acquiring an additional 202 shares in the last quarter. Park National Corp OH acquired a new stake in F.N.B. Corporation in the third quarter valued at $162,000. Jane Street Group LLC acquired a new stake in F.N.B. Corporation in the first quarter valued at $169,000. Finally, Round Table Services LLC acquired a new stake in F.N.B. Corporation in the second quarter valued at $172,000. 76.41% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Corporation (NYSE FNB) traded down 0.14% during midday trading on Friday, reaching $14.01. 2,153,935 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $13.10 and its 200 day moving average is $13.79. The firm has a market capitalization of $4.50 billion, a P/E ratio of 18.03 and a beta of 0.97. F.N.B. Corporation has a 52 week low of $12.02 and a 52 week high of $16.43.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.43%. F.N.B. Corporation’s payout ratio is currently 61.54%.

About F.N.B. Corporation

F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.

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Earnings History and Estimates for F.N.B. Corporation (NYSE:FNB)

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