Wall Street brokers expect FNB Co. (NYSE:FNB – Get Rating) to report earnings per share (EPS) of $0.30 for the current quarter, Zacks reports. Five analysts made ETF earnings estimates, with estimates ranging from $0.29 to $0.31. ETFs posted earnings per share of $0.31 in the same quarter last year, suggesting a negative year-over-year growth rate of 3.2%. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect ETFs to report annual earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.18 to $1.29. For next year, analysts expect the company to post earnings of $1.41 per share, with EPS estimates ranging from $1.35 to $1.52. Zacks Investment Research earnings per share averages are an average based on a survey of sell-side research firms that cover ETFs.
FNB (NYSE:FNB – Get Rating) last announced its results on Monday, April 18. The bank reported EPS of $0.25 for the quarter, beating the consensus estimate of $0.24 by $0.01. ETFs had a net margin of 27.34% and a return on equity of 8.06%. The company posted revenue of $312.40 million for the quarter, versus a consensus estimate of $312.24 million. During the same period last year, the company posted EPS of $0.28. The company’s quarterly revenue increased 2.2% year over year.
Several equity research analysts have recently weighed in on the stock. StockNews.com took over coverage of ETF stocks in a research report on Thursday, March 31. They set a “holding” rating for the company. Zacks Investment Research downgraded ETFs from a “buy” rating to a “hold” rating and set a target price of $13.00 for the company. in a Monday, March 14 research note. Raymond James raised its ETF target price from $14.00 to $15.00 and gave the stock an “outperform” rating in a Monday, January 24 research note. Finally, Wells Fargo & Company raised its ETF price target from $15.50 to $16.00 and gave the stock an “overweight” rating in a Monday, March 21 research note. Four research analysts gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $13.75.
ETF shares opened at $11.37 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt ratio of 0.13. The company’s fifty-day simple moving average is $12.33 and its 200-day simple moving average is $12.58. ETF has a 1-year low of $10.51 and a 1-year high of $14.11. The company has a market capitalization of $4.00 billion, a price-earnings ratio of 10.34 and a beta of 1.11.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Friday, June 3 will receive a dividend of $0.12 per share. The ex-date of this dividend is Thursday, June 2. This represents an annualized dividend of $0.48 and a dividend yield of 4.22%. The ETF’s dividend payout ratio (DPR) is currently 43.64%.
A number of institutional investors and hedge funds have recently changed their holdings in the company. Private Advisor Group LLC increased its holding in ETFs by 10.7% during the first quarter. Private Advisor Group LLC now owns 15,696 shares of the bank valued at $195,000 after buying 1,515 additional shares in the last quarter. American Century Companies Inc. increased its holdings in ETF stocks by 14.3% in the first quarter. American Century Companies Inc. now owns 10,655,913 shares of the bank worth $132,666,000 after acquiring 1,330,992 additional shares in the last quarter. Intrua Financial LLC increased its holdings of ETF stocks by 24.8% in the first quarter. Intrua Financial LLC now owns 16,979 shares of the bank worth $211,000 after purchasing 3,374 additional shares during the period. Raymond James Financial Services Advisors Inc. increased its exposure to ETF stocks by 49.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 151,346 shares of the bank worth $1,884,000 after purchasing an additional 50,271 shares during the period. Finally, Raymond James & Associates increased its holding in ETFs by 3.8% in the first quarter. Raymond James & Associates now owns 1,000,813 shares of the bank valued at $12,460,000 after acquiring an additional 36,703 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s shares.
ETF Company Profile (Get an assessment)
FNB Corporation, a financial holding company, provides a range of financial services primarily to consumers, businesses, governments and small and 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, real estate finance, corporate credit, capital market and lease finance services.
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