F.N.B. Co. (FNB) To Go Ex-Dividend on March 3rd

F.N.B. Co. (NYSE:FNB) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid 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 yield of 3.06%. The ex-dividend date of this dividend is Monday, March 3rd.

F.N.B. has a payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Research 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. Stock Down 0.9 %

FNB stock traded down $0.15 during trading on Friday, reaching $15.68. The stock had a trading volume of 2,476,049 shares, compared to its average volume of 2,592,482. The company has a market capitalization of $5.64 billion, a P/E ratio of 12.44, a PEG ratio of 4.75 and a beta of 1.01. The firm has a fifty day moving average price of $15.57 and a 200 day moving average price of $14.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. has a 1-year low of $12.49 and a 1-year high of $17.70.

Insider Buying and Selling

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s 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 sale, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler cut their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Stephens lifted their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Wells Fargo & Company decreased their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Raymond James boosted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.