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

F.N.B. Co. (NYSE:FNB) announced a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Shareholders 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 dividend payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. 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. Stock Down 0.3 %

F.N.B. stock traded down $0.04 during mid-day trading on Wednesday, reaching $16.66. The stock had a trading volume of 1,792,084 shares, compared to its average volume of 2,235,842. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. F.N.B. has a fifty-two week low of $11.51 and a fifty-two week high of $16.97. The stock’s 50-day simple moving average is $14.41 and its 200-day simple moving average is $14.11. The firm has a market capitalization of $5.99 billion, a PE ratio of 15.28 and a beta of 0.95.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The firm had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. On average, sell-side analysts forecast that F.N.B. will post 1.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FNB. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Stephens upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.