F.N.B. Corp (FNB) Expected to Announce Quarterly Sales of $295.86 Million

Wall Street brokerages expect that F.N.B. Corp (NYSE:FNB) will report $295.86 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for F.N.B.’s earnings. The highest sales estimate is $300.31 million and the lowest is $289.65 million. F.N.B. posted sales of $210.35 million during the same quarter last year, which suggests a positive year over year growth rate of 40.7%. The company is expected to report its next earnings results on Wednesday, January 17th.

According to Zacks, analysts expect that F.N.B. will report full-year sales of $295.86 million for the current fiscal year, with estimates ranging from $1.09 billion to $1.12 billion. For the next year, analysts anticipate that the company will report sales of $1.24 billion per share, with estimates ranging from $1.21 billion to $1.26 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow F.N.B..

F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, October 19th. The bank reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $291.38 million during the quarter, compared to the consensus estimate of $299.47 million. F.N.B. had a return on equity of 6.81% and a net margin of 19.95%. During the same quarter in the prior year, the company earned $0.24 earnings per share.

A number of brokerages recently commented on FNB. Zacks Investment Research upgraded F.N.B. from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, January 3rd. ValuEngine downgraded F.N.B. from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.50 price objective on shares of F.N.B. in a report on Friday, December 22nd. Stephens began coverage on F.N.B. in a report on Wednesday, December 13th. They issued an “equal weight” rating for the company. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $15.00 price objective on shares of F.N.B. in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $17.22.

In related news, insider Robert M. Moorehead bought 5,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average cost of $13.46 per share, with a total value of $67,300.00. Following the completion of the purchase, the insider now owns 25,312 shares in the company, valued at approximately $340,699.52. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frank C. Mencini acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of $12.93 per share, for a total transaction of $25,860.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,500 shares of company stock valued at $113,350. 1.21% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in FNB. Stifel Financial Corp boosted its position in shares of F.N.B. by 1.9% during the second quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after buying an additional 202 shares during the last quarter. First Allied Advisory Services Inc. purchased a new stake in shares of F.N.B. during the third quarter valued at $150,000. Park National Corp OH purchased a new stake in shares of F.N.B. during the third quarter valued at $162,000. CIBC Asset Management Inc purchased a new stake in shares of F.N.B. during the third quarter valued at $163,000. Finally, Raymond James Trust N.A. boosted its position in shares of F.N.B. by 20.4% during the second quarter. Raymond James Trust N.A. now owns 12,859 shares of the bank’s stock valued at $182,000 after buying an additional 2,181 shares during the last quarter. 75.96% of the stock is currently owned by institutional investors.

Shares of F.N.B. (NYSE:FNB) traded up $0.01 during trading on Monday, hitting $13.99. The company had a trading volume of 2,735,700 shares, compared to its average volume of 2,416,260. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $4,540.00, a P/E ratio of 17.94, a PEG ratio of 1.36 and a beta of 0.96. F.N.B. has a one year low of $12.02 and a one year high of $16.33.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.43%. F.N.B.’s dividend payout ratio (DPR) is 61.54%.

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About F.N.B.

F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.

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

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