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

F.N.B. Co. (NYSE:FNB) declared 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 annualized dividend and a yield of 2.88%. The ex-dividend date is Monday, December 2nd.

F.N.B. has a dividend payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. 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. Price Performance

Shares of NYSE:FNB opened at $16.66 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $14.45 and a 200 day moving average price of $14.13. F.N.B. has a 52 week low of $11.51 and a 52 week high of $16.97. The company has a market cap of $5.99 billion, a P/E ratio of 15.28 and a beta of 0.95.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share (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 during the quarter, compared to analysts’ expectations of $409.80 million. Research analysts predict that F.N.B. will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on FNB shares. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Stephens lifted their target price 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.33.

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.