Q1 2024 EPS Estimates for F.N.B. Co. (NYSE:FNB) Lifted by Analyst

F.N.B. Co. (NYSE:FNBFree Report) – Equities researchers at Zacks Research upped their Q1 2024 EPS estimates for F.N.B. in a research report issued on Tuesday, February 6th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $0.32 for the quarter, up from their previous 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 announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $337.11 million for the quarter, compared to the consensus estimate of $403.84 million. F.N.B. had a return on equity of 9.98% and a net margin of 21.77%. The business’s revenue was down 18.9% compared to the same quarter last year. During the same period last year, the business posted $0.44 EPS.

A number of other research firms have also recently commented on FNB. Bank of America initiated coverage on shares of F.N.B. in a research note on Thursday, January 11th. They issued a “buy” rating and a $15.00 target price for the company. StockNews.com downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Raymond James upped their target price on F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, F.N.B. currently has an average rating of “Hold” and a consensus target price of $14.67.

Read Our Latest Research Report on FNB

F.N.B. Price Performance

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

Institutional Trading of F.N.B.

A number of hedge funds have recently modified their holdings of FNB. First Command Advisory Services Inc. purchased a new position in shares of F.N.B. during the 3rd quarter valued at approximately $27,000. First Command Bank purchased a new position in F.N.B. in the second quarter valued at $27,000. Headlands Technologies LLC acquired a new position in shares of F.N.B. in the second quarter worth about $31,000. Neo Ivy Capital Management purchased a new stake in shares of F.N.B. during the 2nd quarter worth about $35,000. Finally, Clearstead Advisors LLC acquired a new stake in shares of F.N.B. during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 76.94% of the company’s stock.

About F.N.B.

(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.

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

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