Equities Analysts Set Expectations for F.N.B. Co.’s Q2 2022 Earnings (NYSE:FNB)

F.N.B. Co. (NYSE:FNBGet Rating) – Research analysts at DA Davidson lifted their Q2 2022 earnings per share (EPS) estimates for F.N.B. in a research report issued on Friday, June 3rd. DA Davidson analyst R. Gunther now forecasts that the bank will earn $0.31 per share for the quarter, up from their previous forecast of $0.30. DA Davidson also issued estimates for F.N.B.’s FY2023 earnings at $1.53 EPS.

Several other research firms have also recently issued reports on FNB. StockNews.com began coverage on F.N.B. in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research cut F.N.B. from a “buy” rating to a “hold” rating and set a $13.00 price objective for the company. in a report on Monday, March 14th. Finally, Wells Fargo & Company raised their target price on shares of F.N.B. from $15.50 to $16.00 and gave the company an “overweight” rating in a research report on Monday, March 21st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, F.N.B. currently has an average rating of “Hold” and a consensus target price of $13.49.

FNB opened at $11.95 on Monday. The stock has a market cap of $4.20 billion, a PE ratio of 10.86 and a beta of 1.11. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.13. F.N.B. has a 52 week low of $10.51 and a 52 week high of $14.11. The business’s fifty day simple moving average is $11.99 and its 200 day simple moving average is $12.52.

F.N.B. (NYSE:FNBGet Rating) last posted its quarterly earnings data on Monday, April 18th. The bank reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $312.40 million during the quarter, compared to the consensus estimate of $312.24 million. F.N.B. had a net margin of 27.34% and a return on equity of 8.06%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Friday, June 3rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, June 2nd. F.N.B.’s payout ratio is presently 43.64%.

Several large investors have recently bought and sold shares of the business. State of Michigan Retirement System lifted its position in F.N.B. by 1.0% in the fourth quarter. State of Michigan Retirement System now owns 80,857 shares of the bank’s stock valued at $981,000 after acquiring an additional 800 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of F.N.B. by 2.2% in the fourth quarter. Stifel Financial Corp now owns 51,468 shares of the bank’s stock worth $625,000 after acquiring an additional 1,108 shares during the last quarter. Signaturefd LLC raised its holdings in shares of F.N.B. by 18.6% in the fourth quarter. Signaturefd LLC now owns 7,180 shares of the bank’s stock worth $87,000 after acquiring an additional 1,125 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of F.N.B. by 6.4% in the third quarter. Moors & Cabot Inc. now owns 20,238 shares of the bank’s stock worth $236,000 after acquiring an additional 1,218 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of F.N.B. by 5.8% in the third quarter. MML Investors Services LLC now owns 23,118 shares of the bank’s stock worth $269,000 after acquiring an additional 1,276 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

About F.N.B. (Get Rating)

F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.

Further Reading

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

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