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

F.N.B. Co. (NYSE:FNB) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.12 per share by the bank on Saturday, March 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Monday, March 3rd.

F.N.B. has a payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect F.N.B. to earn $1.66 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 28.9%.

F.N.B. Price Performance

Shares of FNB traded down $0.15 during mid-day trading on Friday, reaching $15.68. The company had a trading volume of 2,476,049 shares, compared to its average volume of 2,837,588. The company’s 50 day simple moving average is $15.60 and its 200 day simple moving average is $14.95. F.N.B. has a 1-year low of $12.49 and a 1-year high of $17.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 4.75 and a beta of 1.01.

Insider Activity

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler dropped their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Raymond James raised their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, DA Davidson raised their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.50.

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.