F.N.B. Co. (FNB) to Issue Quarterly Dividend of $0.12 on December 15th

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 given 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. 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 Performance

FNB opened at $16.66 on Thursday. The company has a 50 day simple moving average of $14.45 and a two-hundred day simple moving average of $14.13. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market cap of $5.99 billion, a P/E ratio of 15.28 and a beta of 0.95. F.N.B. has a 1-year low of $11.51 and a 1-year high of $16.97.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $413.02 million during the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. Equities analysts forecast that F.N.B. will post 1.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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