Equities research analysts expect F.N.B. Corporation (NYSE:FNB) to report earnings of $0.24 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for F.N.B.’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.23. F.N.B. also posted earnings of $0.24 per share during the same quarter last year. The firm is expected to issue its next quarterly earnings results on Wednesday, January 17th.

According to Zacks, analysts expect that F.N.B. will report full year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $0.94. For the next year, analysts forecast that the company will post earnings of $1.04 per share, with EPS estimates ranging from $0.99 to $1.10. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for F.N.B..

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. The company had revenue of $291.38 million for the quarter, compared to the consensus estimate of $299.47 million. F.N.B. had a net margin of 19.95% and a return on equity of 6.81%. During the same quarter in the prior year, the company earned $0.24 EPS.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of F.N.B. from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. BidaskClub cut shares of F.N.B. from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $15.00 price objective on shares of F.N.B. in a research note on Friday, September 8th. Jefferies Group reaffirmed a “buy” rating and set a $18.00 price objective on shares of F.N.B. in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.00 price objective on shares of F.N.B. in a research note on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. F.N.B. presently has an average rating of “Buy” and a consensus price target of $17.39.

In other news, insider Robert M. Moorehead acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were bought at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the acquisition, the insider now owns 25,312 shares of the company’s stock, valued at approximately $340,699.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank C. Mencini acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of $12.93 per share, for a total transaction of $25,860.00. The disclosure for this purchase can be found here. Insiders purchased a total of 8,500 shares of company stock worth $113,350 in the last three months. 1.21% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in FNB. JPMorgan Chase & Co. lifted its holdings in F.N.B. by 5,740.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,778,289 shares of the bank’s stock valued at $39,341,000 after purchasing an additional 2,730,722 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of F.N.B. by 16.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,400,820 shares of the bank’s stock worth $161,436,000 after acquiring an additional 1,620,392 shares during the period. Royal Bank of Canada raised its holdings in shares of F.N.B. by 1,517.2% during the 2nd quarter. Royal Bank of Canada now owns 1,704,634 shares of the bank’s stock worth $24,137,000 after acquiring an additional 1,599,230 shares during the period. Citadel Advisors LLC raised its holdings in shares of F.N.B. by 583.6% during the 3rd quarter. Citadel Advisors LLC now owns 1,858,469 shares of the bank’s stock worth $26,075,000 after acquiring an additional 1,586,590 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of F.N.B. by 55.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,018,685 shares of the bank’s stock worth $56,904,000 after acquiring an additional 1,425,861 shares during the period. Institutional investors own 76.03% of the company’s stock.

Shares of F.N.B. (FNB) traded down $0.02 during midday trading on Friday, hitting $14.17. 3,197,480 shares of the stock were exchanged, compared to its average volume of 2,049,249. The firm has a market cap of $4,587.77, a PE ratio of 15.10, a price-to-earnings-growth ratio of 1.62 and a beta of 0.96. F.N.B. has a twelve month low of $12.02 and a twelve month high of $16.43. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.12 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.39%. F.N.B.’s dividend payout ratio is currently 62.34%.

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About F.N.B.

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. (NYSE:FNB)

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