Equities Analysts Issue Forecasts for F.N.B. Corp’s FY2019 Earnings (FNB)

F.N.B. Corp (NYSE:FNB) – Jefferies Financial Group boosted their FY2019 earnings per share estimates for shares of F.N.B. in a note issued to investors on Wednesday, April 24th. Jefferies Financial Group analyst C. Haire now anticipates that the bank will post earnings of $1.20 per share for the year, up from their prior estimate of $1.12.

A number of other equities analysts also recently commented on the company. Zacks Investment Research upgraded F.N.B. from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Tuesday, March 26th. Boenning Scattergood restated a “buy” rating and set a $13.00 target price on shares of F.N.B. in a report on Thursday, April 25th. One investment 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. F.N.B. has a consensus rating of “Hold” and an average target price of $14.75.

Shares of FNB stock opened at $12.21 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.09 and a beta of 1.21. F.N.B. has a fifty-two week low of $9.35 and a fifty-two week high of $14.19.
F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. F.N.B. had a return on equity of 8.50% and a net margin of 25.54%. The firm had revenue of $296.00 million during the quarter, compared to the consensus estimate of $298.73 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business’s revenue was up .7% on a year-over-year basis.

In other F.N.B. news, Director Mary Jo Dively bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The stock was bought at an average price of $11.81 per share, for a total transaction of $35,430.00. Following the completion of the acquisition, the director now directly owns 17,900 shares in the company, valued at $211,399. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William B. Campbell sold 2,900 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $11.95, for a total value of $34,655.00. Following the transaction, the director now owns 82,240 shares of the company’s stock, valued at approximately $982,768. The disclosure for this sale can be found here. 0.59% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of FNB. Norges Bank bought a new position in F.N.B. in the fourth quarter worth $33,720,000. BlackRock Inc. raised its holdings in F.N.B. by 4.2% in the fourth quarter. BlackRock Inc. now owns 36,804,150 shares of the bank’s stock worth $362,153,000 after purchasing an additional 1,496,332 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in F.N.B. by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,323,089 shares of the bank’s stock worth $91,739,000 after purchasing an additional 1,481,237 shares in the last quarter. EJF Capital LLC raised its holdings in F.N.B. by 94.8% in the fourth quarter. EJF Capital LLC now owns 2,580,063 shares of the bank’s stock worth $25,388,000 after purchasing an additional 1,255,733 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in F.N.B. by 896.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,272,952 shares of the bank’s stock worth $129,000 after purchasing an additional 1,145,191 shares in the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

About F.N.B.

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.