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

F.N.B. Co. (NYSE:FNB - Get Free Report) announced a quarterly dividend on Monday, May 5th, RTT News reports. Stockholders of record on Monday, June 2nd will be given a dividend of 0.12 per share by the bank on Sunday, June 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Monday, June 2nd.

F.N.B. has a payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect F.N.B. to earn $1.68 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 28.6%.

F.N.B. Price Performance

Shares of NYSE:FNB traded down $0.14 during midday trading on Friday, hitting $13.68. The company's stock had a trading volume of 2,019,483 shares, compared to its average volume of 2,464,111. The company has a market cap of $4.92 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. F.N.B. has a 12-month low of $10.88 and a 12-month high of $17.70. The business's 50 day simple moving average is $13.08 and its 200 day simple moving average is $14.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94.

F.N.B. (NYSE:FNB - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. The business had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. During the same period last year, the company posted $0.34 EPS. On average, analysts forecast that F.N.B. will post 1.45 EPS for the current year.

Insiders Place Their Bets

In related news, Director David L. Motley sold 15,000 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now owns 65,344 shares in the company, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on FNB. DA Davidson restated a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a report on Thursday, April 17th. 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. Wells Fargo & Company reduced their target price on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods raised shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target for the company in a research note on Monday, April 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.75.

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.