F.N.B. Co. to Post Q2 2024 Earnings of $0.34 Per Share, DA Davidson Forecasts (NYSE:FNB)

F.N.B. Co. (NYSE:FNB) – Equities researchers at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of F.N.B. in a research note issued to investors on Monday, April 22nd. DA Davidson analyst M. Navas anticipates that the bank will earn $0.34 per share for the quarter. The consensus estimate for F.N.B.’s current full-year earnings is $1.45 per share. DA Davidson also issued estimates for F.N.B.’s FY2025 earnings at $1.65 EPS.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Bank of America started coverage on shares of F.N.B. in a report on Thursday, January 11th. They set a “buy” rating and a $15.00 price target on the stock. StockNews.com lowered shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Raymond James lifted their price target on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Finally, Stephens cut their price target on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, F.N.B. currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

F.N.B. Trading Up 2.2 %

Shares of FNB stock opened at $13.64 on Tuesday. The firm has a 50 day moving average price of $13.47 and a two-hundred day moving average price of $12.81. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $4.90 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 9.07 and a beta of 1.02. F.N.B. has a 12-month low of $10.09 and a 12-month high of $14.19.

F.N.B. (NYSE:FNB) last released its earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $406.87 million during the quarter, compared to analysts’ expectations of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter in the prior year, the company earned $0.40 EPS.

Institutional Investors Weigh In On F.N.B.

A number of large investors have recently added to or reduced their stakes in FNB. Advisory Services Network LLC lifted its position in F.N.B. by 3.4% during the 4th quarter. Advisory Services Network LLC now owns 24,594 shares of the bank’s stock valued at $339,000 after acquiring an additional 813 shares during the period. Capital Investment Advisory Services LLC lifted its position in F.N.B. by 2.8% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 37,364 shares of the bank’s stock valued at $403,000 after acquiring an additional 1,006 shares during the period. Teacher Retirement System of Texas lifted its position in F.N.B. by 1.0% during the 4th quarter. Teacher Retirement System of Texas now owns 102,095 shares of the bank’s stock valued at $1,406,000 after acquiring an additional 1,036 shares during the period. Inspire Investing LLC lifted its position in F.N.B. by 3.8% during the 3rd quarter. Inspire Investing LLC now owns 28,415 shares of the bank’s stock valued at $307,000 after acquiring an additional 1,045 shares during the period. Finally, Alaska Permanent Fund Corp lifted its position in F.N.B. by 0.5% during the 1st quarter. Alaska Permanent Fund Corp now owns 195,731 shares of the bank’s stock valued at $2,760,000 after acquiring an additional 1,050 shares during the period. Institutional investors own 79.25% of the company’s stock.

Insiders Place Their Bets

In related news, Director William B. Campbell purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were purchased at an average price of $13.48 per share, with a total value of $33,700.00. Following the acquisition, the director now directly owns 149,458 shares of the company’s stock, valued at $2,014,693.84. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 6,500 shares of company stock worth $87,505 in the last three months. 1.22% of the stock is currently owned by corporate insiders.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Wednesday, March 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.52%. The ex-dividend date was Tuesday, March 5th. F.N.B.’s dividend payout ratio is presently 38.71%.

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.