F.N.B. Corporation (FNB) To Go Ex-Dividend on September 1st

F.N.B. Corporation (NYSE:FNB) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Tuesday, September 1st will be given a dividend of 0.13 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 1st.

F.N.B. has a payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect F.N.B. to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 27.5%.

F.N.B. Stock Performance

NYSE FNB opened at $18.44 on Friday. F.N.B. has a 52-week low of $14.45 and a 52-week high of $19.59. The company has a 50-day simple moving average of $18.96 and a 200 day simple moving average of $17.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market capitalization of $6.51 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.17 and a beta of 0.85.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $463.00 million for the quarter, compared to analyst estimates of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same quarter in the previous year, the firm posted $0.36 earnings per share. On average, research analysts predict that F.N.B. will post 1.69 EPS for the current year.

Wall Street Analyst Weigh In

FNB has been the subject of a number of recent research reports. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Truist Financial dropped their price target on F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Monday, July 20th. Bank of America reiterated a “neutral” rating and set a $19.00 price target (down from $20.00) on shares of F.N.B. in a research note on Monday, July 20th. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a report on Tuesday, June 9th. Finally, Wells Fargo & Company boosted their price objective on F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $20.90.

About F.N.B.

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.