Equities research analysts predict that FNB Co. (NYSE:FNB) will post $298.29 million in sales for the current quarter, according to Zacks. Eight analysts have made estimates for FNB’s earnings, with estimates ranging from $294.93 million to $300.96 million. FNB posted sales of $227.87 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.9%. The business is expected to issue its next earnings results before the market opens on Tuesday, April 24th.
According to Zacks, analysts expect that FNB will report full-year sales of $298.29 million for the current financial year, with estimates ranging from $1.23 billion to $1.26 billion. For the next fiscal year, analysts expect that the business will post sales of $1.34 billion per share, with estimates ranging from $1.32 billion to $1.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover FNB.
FNB (NYSE:FNB) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.24. FNB had a return on equity of 6.69% and a net margin of 16.00%. The company had revenue of $295.14 million during the quarter, compared to analyst estimates of $295.89 million. During the same period last year, the company posted $0.24 earnings per share.
Shares of NYSE:FNB traded down $0.39 during midday trading on Tuesday, reaching $13.17. The company’s stock had a trading volume of 1,996,874 shares, compared to its average volume of 2,737,053. FNB has a fifty-two week low of $12.02 and a fifty-two week high of $15.00. The firm has a market cap of $4,370.80, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.82.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were given a $0.12 dividend. The ex-dividend date was Friday, March 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.64%. FNB’s payout ratio is 51.61%.
In other news, Director Frank C. Mencini acquired 2,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $13.81 per share, for a total transaction of $27,620.00. Following the completion of the transaction, the director now directly owns 24,611 shares in the company, valued at $339,877.91. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William B. Campbell sold 3,300 shares of FNB stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $14.48, for a total value of $47,784.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 6,250 shares of company stock valued at $86,633. Corporate insiders own 1.21% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of FNB by 1.1% during the 4th quarter. BlackRock Inc. now owns 29,210,423 shares of the bank’s stock worth $403,689,000 after buying an additional 311,830 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of FNB during the 4th quarter worth about $118,284,000. Hamlin Capital Management LLC grew its position in shares of FNB by 10.2% during the 4th quarter. Hamlin Capital Management LLC now owns 6,272,495 shares of the bank’s stock worth $86,686,000 after buying an additional 580,817 shares during the period. Snow Capital Management LP grew its position in shares of FNB by 62.5% during the 4th quarter. Snow Capital Management LP now owns 3,958,851 shares of the bank’s stock worth $54,711,000 after buying an additional 1,522,178 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of FNB by 4.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,902,273 shares of the bank’s stock worth $53,929,000 after buying an additional 178,395 shares during the period. Hedge funds and other institutional investors own 79.02% of the company’s stock.
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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