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

F.N.B. Co. (NYSE:FNB) announced a quarterly dividend on Wednesday, July 31st, 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 dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, September 5th.

F.N.B. has a payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. Analysts expect F.N.B. to earn $1.52 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 31.6%.

F.N.B. Stock Down 1.1 %

Shares of NYSE:FNB traded down $0.17 during midday trading on Wednesday, reaching $15.34. The company had a trading volume of 3,010,001 shares, compared to its average volume of 2,220,507. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.91. The stock’s fifty day moving average price is $13.81 and its 200-day moving average price is $13.62. The stock has a market capitalization of $5.52 billion, a P/E ratio of 12.51, a PEG ratio of 11.00 and a beta of 0.99. F.N.B. has a one year low of $10.24 and a one year high of $15.65.

F.N.B. (NYSE:FNB) last posted its earnings results on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The company had revenue of $403.81 million for the quarter, compared to the consensus estimate of $408.14 million. During the same period last year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts expect that F.N.B. will post 1.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 target price on shares of F.N.B. in a research note on Wednesday, June 26th. Stephens reaffirmed an “overweight” rating and issued a $16.00 price target on shares of F.N.B. in a research note on Thursday, July 18th. Wells Fargo & Company upped their price target on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, May 27th. Finally, Piper Sandler increased their target price on shares of F.N.B. from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.