Brokers Set Expectations for F.N.B. Corp’s Q4 2020 Earnings (FNB)
F.N.B. Corp (NYSE:FNB) – Investment analysts at DA Davidson lowered their Q4 2020 earnings estimates for shares of F.N.B. in a note issued to investors on Tuesday, January 22nd. DA Davidson analyst R. Gunther now forecasts that the bank will post earnings per share of $0.31 for the quarter, down from their previous estimate of $0.35.
A number of other research analysts also recently weighed in on FNB. Zacks Investment Research downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. TheStreet downgraded shares of F.N.B. from a “b-” rating to a “c+” rating in a research report on Friday, December 21st. Finally, Wells Fargo & Co set a $15.00 price objective on shares of F.N.B. and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.20.
F.N.B. (NYSE:FNB) last posted its earnings results on Tuesday, January 22nd. The bank reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $300.67 million during the quarter, compared to the consensus estimate of $303.18 million. F.N.B. had a net margin of 25.65% and a return on equity of 8.42%. During the same period in the previous year, the firm posted $0.24 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in F.N.B. by 1.1% during the 3rd quarter. BlackRock Inc. now owns 35,307,818 shares of the bank’s stock valued at $449,115,000 after acquiring an additional 401,027 shares in the last quarter. Vanguard Group Inc. grew its stake in F.N.B. by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 29,783,874 shares of the bank’s stock valued at $378,851,000 after acquiring an additional 488,170 shares in the last quarter. Vanguard Group Inc grew its stake in F.N.B. by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 29,783,874 shares of the bank’s stock valued at $378,851,000 after acquiring an additional 488,170 shares in the last quarter. FMR LLC grew its stake in F.N.B. by 7.2% during the 2nd quarter. FMR LLC now owns 16,787,190 shares of the bank’s stock valued at $225,284,000 after acquiring an additional 1,125,120 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in F.N.B. by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,841,852 shares of the bank’s stock valued at $99,750,000 after acquiring an additional 88,343 shares in the last quarter. 79.33% of the stock is owned by institutional investors.
In related news, insider Barry C. Robinson bought 2,500 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was acquired at an average price of $12.09 per share, with a total value of $30,225.00. Following the completion of the purchase, the insider now directly owns 39,052 shares of the company’s stock, valued at $472,138.68. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary Jo Dively bought 3,000 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were bought at an average cost of $12.24 per share, with a total value of $36,720.00. Following the purchase, the director now directly owns 11,900 shares of the company’s stock, valued at $145,656. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 6,500 shares of company stock valued at $78,435. Insiders own 0.63% 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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