F.N.B. Co. to Issue Quarterly Dividend of $0.12 (NYSE:FNB)

F.N.B. Co. (NYSE:FNB) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.12 per share by the bank on Sunday, December 15th. This represents a $0.48 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Monday, December 2nd.

F.N.B. has a payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect F.N.B. to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 34.0%.

F.N.B. Trading Down 0.3 %

F.N.B. stock traded down $0.05 during trading hours on Wednesday, hitting $16.65. The stock had a trading volume of 1,792,072 shares, compared to its average volume of 2,235,842. The business’s 50 day simple moving average is $14.41 and its 200-day simple moving average is $14.11. F.N.B. has a one year low of $11.51 and a one year high of $16.97. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 15.35 and a beta of 0.95. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.

F.N.B. (NYSE:FNB) last posted its earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The business had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. On average, equities analysts predict that F.N.B. will post 1.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FNB shares. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, Stephens lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.33.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.