Q1 2024 Earnings Forecast for F.N.B. Co. Issued By Zacks Research (NYSE:FNB)

F.N.B. Co. (NYSE:FNBFree Report) – Research analysts at Zacks Research upped their Q1 2024 EPS estimates for F.N.B. in a research note issued to investors on Tuesday, February 6th. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $0.32 per share for the quarter, up from their prior forecast of $0.31. The consensus estimate for F.N.B.’s current full-year earnings is $1.45 per share. Zacks Research also issued estimates for F.N.B.’s Q4 2024 earnings at $0.36 EPS, FY2024 earnings at $1.39 EPS, Q1 2025 earnings at $0.33 EPS and FY2026 earnings at $1.47 EPS.

F.N.B. (NYSE:FNBGet Free Report) last issued its quarterly earnings results on Monday, January 22nd. The bank reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. F.N.B. had a net margin of 21.77% and a return on equity of 9.98%. The company had revenue of $337.11 million during the quarter, compared to analyst estimates of $403.84 million. During the same period in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year.

FNB has been the subject of several other reports. Bank of America began coverage on F.N.B. in a research note on Thursday, January 11th. They set a “buy” rating and a $15.00 price objective for the company. StockNews.com lowered shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Raymond James raised their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.67.

Get Our Latest Report on F.N.B.

F.N.B. Stock Performance

FNB opened at $12.96 on Thursday. F.N.B. has a 1-year low of $10.09 and a 1-year high of $14.68. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.90. The business has a 50 day moving average price of $13.35 and a two-hundred day moving average price of $12.11. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 9.82 and a beta of 1.02.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNB. First Command Advisory Services Inc. bought a new stake in F.N.B. in the third quarter worth approximately $27,000. First Command Bank acquired a new stake in shares of F.N.B. in the second quarter worth $27,000. Headlands Technologies LLC bought a new position in F.N.B. during the second quarter valued at about $31,000. Neo Ivy Capital Management acquired a new stake in F.N.B. during the second quarter worth $35,000. Finally, Clearstead Advisors LLC bought a new stake in F.N.B. in the third quarter valued at about $36,000. Hedge funds and other institutional investors own 76.94% of the company’s stock.

F.N.B. Company Profile

(Get Free Report)

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.

See Also

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

Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.