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

F.N.B. Co. (NYSE:FNB) announced a quarterly dividend on Tuesday, July 30th, Wall Street Journal reports. Shareholders of record on Thursday, September 5th will be paid a dividend of 0.12 per share by the bank on Sunday, September 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Thursday, September 5th.

F.N.B. has a dividend payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect F.N.B. to earn $1.50 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 32.0%.

F.N.B. Trading Down 1.1 %

Shares of FNB opened at $14.81 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $14.29 and a 200 day moving average price of $13.78. F.N.B. has a 12-month low of $10.24 and a 12-month high of $15.65. The firm has a market capitalization of $5.33 billion, a P/E ratio of 11.94, a P/E/G ratio of 10.85 and a beta of 0.98.

F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $403.81 million for the quarter, compared to analyst estimates of $408.14 million. F.N.B. had a return on equity of 9.04% and a net margin of 18.27%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. Sell-side analysts forecast that F.N.B. will post 1.38 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. StockNews.com lowered F.N.B. from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Stephens restated an “overweight” rating and set a $16.00 price target on shares of F.N.B. in a research report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $16.00 price objective on shares of F.N.B. in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, F.N.B. currently has an average rating of “Moderate Buy” and an average price target of $15.29.

About F.N.B.

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.