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

F.N.B. Co. (NYSE:FNB) declared a quarterly dividend on Tuesday, July 30th, Wall Street Journal reports. Investors 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 yield of 3.20%. The ex-dividend date is Thursday, September 5th.

F.N.B. has a payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. 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. Stock Performance

Shares of NYSE:FNB opened at $14.98 on Tuesday. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 10.85 and a beta of 0.98. F.N.B. has a 52 week low of $10.24 and a 52 week high of $15.65. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $14.25 and a 200 day moving average of $13.77.

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

Analyst Ratings Changes

FNB has been the topic of several analyst reports. Stephens reaffirmed an “overweight” rating and issued a $16.00 price target on shares of F.N.B. in a report on Thursday, July 18th. StockNews.com lowered shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Piper Sandler lifted their price target on shares of F.N.B. from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price target 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 issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.29.

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.