DA Davidson Weighs in on F.N.B. Corp’s Q1 2020 Earnings (NYSE:FNB)

F.N.B. Corp (NYSE:FNB) – Analysts at DA Davidson issued their Q1 2020 EPS estimates for shares of F.N.B. in a research note issued to investors on Wednesday, January 22nd. DA Davidson analyst R. Gunther anticipates that the bank will post earnings per share of $0.28 for the quarter. DA Davidson also issued estimates for F.N.B.’s FY2021 earnings at $1.23 EPS.

F.N.B. (NYSE:FNB) last posted its earnings results on Tuesday, January 21st. The bank reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. F.N.B. had a net margin of 25.13% and a return on equity of 8.43%. The company had revenue of $300.48 million for the quarter, compared to analyst estimates of $305.55 million. During the same quarter in the prior year, the business posted $0.30 EPS.

FNB has been the subject of several other reports. TheStreet raised F.N.B. from a “c+” rating to a “b-” rating in a research note on Monday, November 4th. Raymond James lifted their target price on F.N.B. from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Stephens cut their target price on F.N.B. from $14.50 to $14.00 and set an “overweight” rating on the stock in a research report on Wednesday. ValuEngine upgraded F.N.B. from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Co increased their price target on F.N.B. from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. F.N.B. currently has an average rating of “Buy” and an average target price of $13.80.

FNB stock opened at $12.38 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50-day simple moving average of $12.55 and a two-hundred day simple moving average of $11.87. The company has a market capitalization of $4.07 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. F.N.B. has a 52-week low of $10.23 and a 52-week high of $12.93.

Several large investors have recently bought and sold shares of the business. Atwater Malick LLC bought a new position in shares of F.N.B. in the third quarter worth $58,000. Signaturefd LLC lifted its holdings in F.N.B. by 28.6% during the 3rd quarter. Signaturefd LLC now owns 6,075 shares of the bank’s stock worth $70,000 after purchasing an additional 1,351 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in F.N.B. by 56.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,989 shares of the bank’s stock worth $93,000 after purchasing an additional 2,884 shares in the last quarter. Convergence Investment Partners LLC bought a new position in F.N.B. in the 3rd quarter worth about $132,000. Finally, Marshall Wace LLP boosted its stake in F.N.B. by 203,033.3% in the 1st quarter. Marshall Wace LLP now owns 18,282 shares of the bank’s stock worth $194,000 after purchasing an additional 18,273 shares during the period. Hedge funds and other institutional investors own 74.31% 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 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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