F.N.B. Corp (FNB) Expected to Post Quarterly Sales of $304.21 Million

Brokerages expect F.N.B. Corp (NYSE:FNB) to post $304.21 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for F.N.B.’s earnings, with estimates ranging from $299.80 million to $311.25 million. F.N.B. reported sales of $295.14 million in the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The business is expected to announce its next quarterly earnings results on Tuesday, January 22nd.

According to Zacks, analysts expect that F.N.B. will report full year sales of $1.22 billion for the current financial year, with estimates ranging from $1.21 billion to $1.23 billion. For the next financial year, analysts anticipate that the business will report sales of $1.25 billion, with estimates ranging from $1.20 billion to $1.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover F.N.B..

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $309.60 million during the quarter, compared to analyst estimates of $313.18 million. F.N.B. had a return on equity of 8.03% and a net margin of 20.94%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 earnings per share.

Several research analysts have recently commented on the company. Wells Fargo & Co set a $15.00 price target on F.N.B. and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. ValuEngine lowered F.N.B. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Finally, Zacks Investment Research lowered F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.33.

Shares of FNB traded up $0.14 during midday trading on Friday, hitting $12.26. 2,598,818 shares of the stock were exchanged, compared to its average volume of 1,983,784. F.N.B. has a 52-week low of $11.03 and a 52-week high of $14.91. The firm has a market cap of $3.98 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.17 and a beta of 0.92. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.14.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.92%. F.N.B.’s dividend payout ratio is currently 51.61%.

In other news, Director Mary Jo Dively purchased 3,000 shares of the stock in a transaction dated Monday, November 12th. The stock was acquired at an average cost of $12.24 per share, for a total transaction of $36,720.00. Following the completion of the transaction, the director now directly owns 11,900 shares in the company, valued at approximately $145,656. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Vincent J. Calabrese purchased 5,000 shares of the stock in a transaction dated Friday, October 26th. The shares were purchased at an average price of $11.21 per share, with a total value of $56,050.00. Following the completion of the transaction, the chief financial officer now owns 115,974 shares of the company’s stock, valued at $1,300,068.54. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 22,500 shares of company stock valued at $257,895. Company insiders own 0.63% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FNB. Qube Research & Technologies Ltd purchased a new position in F.N.B. in the second quarter valued at $124,000. Lourd Capital LLC purchased a new position in F.N.B. in the third quarter valued at $131,000. ING Groep NV purchased a new position in F.N.B. in the second quarter valued at $136,000. Virtu Financial LLC purchased a new position in F.N.B. in the third quarter valued at $145,000. Finally, First Allied Advisory Services Inc. purchased a new position in F.N.B. in the second quarter valued at $155,000. Hedge funds and other institutional investors own 78.73% 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 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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Earnings History and Estimates for F.N.B. (NYSE:FNB)

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