F.N.B. Co. Forecasted to Earn Q2 2022 Earnings of $0.31 Per Share (NYSE:FNB)

F.N.B. Co. (NYSE:FNBGet Rating) – Analysts at Jefferies Financial Group lowered their Q2 2022 EPS estimates for shares of F.N.B. in a research note issued on Tuesday, April 19th. Jefferies Financial Group analyst C. Haire now expects that the bank will earn $0.31 per share for the quarter, down from their prior estimate of $0.32. Jefferies Financial Group also issued estimates for F.N.B.’s Q3 2022 earnings at $0.34 EPS, FY2022 earnings at $1.23 EPS, Q1 2023 earnings at $0.34 EPS, Q4 2023 earnings at $0.35 EPS and FY2023 earnings at $1.41 EPS.

Several other research firms have also recently weighed in on FNB. Raymond James raised their price target on F.N.B. from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Monday, January 24th. StockNews.com began coverage on F.N.B. in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research cut F.N.B. from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a report on Monday, March 14th. Finally, Wells Fargo & Company lifted their target price on F.N.B. from $15.50 to $16.00 and gave the stock an “overweight” rating in a report on Monday, March 21st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, F.N.B. currently has a consensus rating of “Buy” and a consensus price target of $13.75.

NYSE FNB opened at $12.09 on Friday. The stock has a market capitalization of $4.25 billion, a PE ratio of 9.83 and a beta of 1.14. The business has a 50 day simple moving average of $12.77 and a two-hundred day simple moving average of $12.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.85 and a quick ratio of 0.85. F.N.B. has a 1-year low of $10.51 and a 1-year high of $14.11.

F.N.B. (NYSE:FNBGet Rating) last released its quarterly earnings results on Monday, April 18th. The bank reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $312.40 million during the quarter, compared to analysts’ expectations of $312.24 million. F.N.B. had a return on equity of 8.23% and a net margin of 30.30%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Friday, June 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, June 2nd. F.N.B.’s dividend payout ratio is currently 39.02%.

Several hedge funds have recently modified their holdings of FNB. Allegheny Financial Group LTD bought a new stake in shares of F.N.B. during the 4th quarter worth approximately $36,000. O Shaughnessy Asset Management LLC lifted its stake in shares of F.N.B. by 23.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,249 shares of the bank’s stock worth $49,000 after acquiring an additional 816 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in F.N.B. during the 4th quarter valued at $51,000. Allworth Financial LP bought a new stake in F.N.B. during the 3rd quarter valued at $78,000. Finally, Covestor Ltd bought a new stake in F.N.B. during the 4th quarter valued at $83,000. 77.83% of the stock is owned by hedge funds and other institutional investors.

About F.N.B. (Get Rating)

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.

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

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