Equities analysts expect that F.N.B. Corp (NYSE:FNB) will report $311.01 million in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for F.N.B.’s earnings, with estimates ranging from $307.58 million to $317.94 million. F.N.B. reported sales of $291.38 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The firm is expected to report its next quarterly earnings results on Thursday, October 18th.
On average, analysts expect that F.N.B. will report full year sales of $1.22 billion for the current year, with estimates ranging from $1.21 billion to $1.23 billion. For the next fiscal year, analysts expect that the company will post sales of $1.27 billion, with estimates ranging from $1.24 billion to $1.30 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover F.N.B..
F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Tuesday, July 24th. The bank reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. F.N.B. had a net margin of 19.91% and a return on equity of 7.70%. The firm had revenue of $304.00 million for the quarter, compared to analysts’ expectations of $305.86 million. During the same period last year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis.
In other news, Director Frank C. Mencini purchased 2,000 shares of F.N.B. stock in a transaction dated Monday, August 13th. The shares were bought at an average cost of $13.07 per share, with a total value of $26,140.00. Following the completion of the transaction, the director now directly owns 32,681 shares in the company, valued at approximately $427,140.67. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.63% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in FNB. BlackRock Inc. boosted its position in shares of F.N.B. by 17.4% during the first quarter. BlackRock Inc. now owns 34,295,880 shares of the bank’s stock worth $461,277,000 after purchasing an additional 5,085,457 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of F.N.B. by 433.2% during the second quarter. Victory Capital Management Inc. now owns 4,088,768 shares of the bank’s stock worth $54,871,000 after acquiring an additional 3,321,888 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of F.N.B. by 36.7% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,698,305 shares of the bank’s stock worth $157,342,000 after acquiring an additional 3,139,400 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of F.N.B. during the second quarter worth $39,646,000. Finally, Bank of America Corp DE raised its holdings in shares of F.N.B. by 112.2% during the second quarter. Bank of America Corp DE now owns 4,502,217 shares of the bank’s stock worth $60,419,000 after acquiring an additional 2,380,341 shares during the period. 80.89% of the stock is currently owned by institutional investors.
FNB stock traded down $0.05 during midday trading on Friday, reaching $12.86. The company’s stock had a trading volume of 2,574,300 shares, compared to its average volume of 2,524,161. F.N.B. has a 52 week low of $12.44 and a 52 week high of $14.91. The stock has a market cap of $4.27 billion, a PE ratio of 13.87, a PEG ratio of 1.26 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.82 and a current ratio of 0.82.
The company also recently declared a quarterly dividend, which was paid on Saturday, September 15th. Stockholders of record on Tuesday, September 4th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.73%. F.N.B.’s dividend payout ratio is 51.61%.
F.N.B. Company Profile
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 four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
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