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

Key Points

• F.N.B. Corporation has declared a quarterly dividend of $0.12 per share, with a dividend yield of 3.1% and a payout ratio of 28.9% based on expected earnings.
• The bank's shares recently traded down 1.1% to $15.31, with institutional investors holding 79.25% of the stock, indicating strong support from major funds.
• In its latest earnings report, F.N.B. beat analyst expectations with earnings of $0.36 per share and a revenue of $438.21 million for the quarter.

F.N.B. Corporation (NYSE:FNB - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Shareholders of record on Tuesday, September 2nd will be given a dividend of 0.12 per share by the bank on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%.

F.N.B. has a dividend payout ratio of 28.9% 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. Trading Down 1.1%

Shares of NYSE FNB traded down $0.18 during trading on Thursday, reaching $15.31. The company had a trading volume of 7,664,676 shares, compared to its average volume of 3,256,263. The company's fifty day moving average price is $14.75 and its 200-day moving average price is $14.30. F.N.B. has a 12 month low of $10.88 and a 12 month high of $17.70. The stock has a market cap of $5.51 billion, a P/E ratio of 11.96, a PEG ratio of 0.92 and a beta of 0.92. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.41.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $438.21 million for the quarter, compared to the consensus estimate of $424.39 million. F.N.B. had a return on equity of 7.94% and a net margin of 17.88%. During the same period in the previous year, the business earned $0.34 EPS. As a group, research analysts expect that F.N.B. will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On F.N.B.

Several institutional investors have recently modified their holdings of FNB. Norges Bank bought a new position in shares of F.N.B. in the fourth quarter valued at approximately $50,205,000. First Trust Advisors LP grew its holdings in shares of F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock valued at $77,349,000 after acquiring an additional 2,273,736 shares in the last quarter. Rhino Investment Partners Inc bought a new position in F.N.B. during the first quarter valued at $19,990,000. Raymond James Financial Inc. bought a new position in F.N.B. during the fourth quarter valued at $15,801,000. Finally, Balyasny Asset Management L.P. bought a new position in F.N.B. during the fourth quarter valued at $12,952,000. 79.25% of the stock is owned by institutional investors.

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.

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