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

F.N.B. Co. (NYSE:FNB) – Analysts at Zacks Research lowered their FY2024 earnings estimates for F.N.B. in a research report issued to clients and 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 forecast 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 posted its earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%.

Other analysts have also issued research reports about the stock. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Stephens lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.33.

F.N.B. Stock Down 0.3 %

NYSE FNB opened at $16.66 on Thursday. The stock has a fifty day moving average of $14.45 and a 200-day moving average of $14.13. The stock has a market capitalization of $5.99 billion, a P/E ratio of 15.28 and a beta of 0.95. F.N.B. has a 52 week low of $11.51 and a 52 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.

F.N.B. Announces Dividend

The business 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. This represents a $0.48 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s dividend payout ratio (DPR) is currently 44.04%.

Institutional Investors Weigh In On F.N.B.

Several large investors have recently made changes to their positions in FNB. AQR Capital Management LLC lifted its stake in F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after purchasing an additional 1,964,884 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in F.N.B. by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after purchasing an additional 647,335 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of F.N.B. in the 3rd quarter worth approximately $3,292,000. Charles Schwab Investment Management Inc. increased its stake in F.N.B. by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock valued at $54,868,000 after purchasing an additional 218,511 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of F.N.B. during the second quarter valued at $2,802,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

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.