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

F.N.B. Co. (NYSE:FNB) – Analysts at Zacks Research cut their FY2024 EPS estimates for F.N.B. in a note issued to investors on Thursday, November 7th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $1.35 for the year, down from their previous forecast of $1.38. 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 $0.33 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.37 EPS, Q1 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.43 EPS and FY2026 earnings at $1.64 EPS.

A number of other equities research analysts have also commented on FNB. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Stephens raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, F.N.B. currently has an average rating of “Moderate Buy” and a consensus price target of $16.33.

F.N.B. Stock Performance

Shares of F.N.B. stock opened at $16.71 on Monday. The stock has a market cap of $6.01 billion, a PE ratio of 15.33 and a beta of 0.95. F.N.B. has a 12 month low of $11.01 and a 12 month high of $16.91. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $14.41 and a 200-day simple moving average of $14.11.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $413.02 million for the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%.

Institutional Trading of F.N.B.

Institutional investors have recently added to or reduced their stakes in the business. Diversified Trust Co raised its holdings in shares of F.N.B. by 4.9% during the 2nd quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock valued at $231,000 after purchasing an additional 789 shares in the last quarter. Signaturefd LLC raised its holdings in F.N.B. by 16.7% during the third quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock valued at $79,000 after buying an additional 799 shares in the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of F.N.B. by 2.4% in the second quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank’s stock worth $480,000 after buying an additional 836 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of F.N.B. by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock worth $653,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its holdings in shares of F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,473 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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.