F.N.B. Corporation (NYSE:FNB) Stock to Pay Quarterly Dividend of $0.13

F.N.B. Corporation (NYSE:FNB) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Tuesday, December 1st will be given a dividend of $0.13 per share by the bank on Tuesday, December 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, December 1st.

F.N.B. has a dividend payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect F.N.B. to earn $1.91 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 27.2%.

F.N.B. Stock Down 0.5%

Shares of NYSE FNB opened at $18.09 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $17.94 and its two-hundred day moving average is $18.14. F.N.B. has a 52-week low of $15.21 and a 52-week high of $19.59. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.78 and a beta of 0.87.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Monday, October 19th. The bank reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The business had revenue of $469.12 million during the quarter, compared to analysts’ expectations of $476.20 million. F.N.B. had a return on equity of 9.12% and a net margin of 22.46%. During the same period in the previous year, the firm posted $0.41 earnings per share. Research analysts predict that F.N.B. will post 1.69 EPS for the current year.

Insider Activity at F.N.B.

In related news, insider Bryant Mitchell David sold 4,055 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $19.25, for a total transaction of $78,058.75. Following the sale, the insider directly owned 144,283 shares in the company, valued at approximately $2,777,447.75. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in shares of F.N.B. by 758.2% during the third quarter. Assenagon Asset Management S.A. now owns 922,134 shares of the bank’s stock worth $15,870,000 after purchasing an additional 814,690 shares in the last quarter. Rhino Investment Partners Inc raised its stake in F.N.B. by 47.8% in the first quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock valued at $20,188,000 after buying an additional 390,526 shares in the last quarter. Amundi raised its stake in F.N.B. by 980.6% in the second quarter. Amundi now owns 382,193 shares of the bank’s stock valued at $7,292,000 after buying an additional 346,824 shares in the last quarter. SG Americas Securities LLC lifted its holdings in F.N.B. by 585.2% during the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock worth $5,990,000 after buying an additional 305,961 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in F.N.B. during the 1st quarter worth about $3,381,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

About F.N.B.

F.N.B. Corporation (NYSE: FNB) is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking, lending and wealth management services to individuals, families, businesses and government entities.

FNB’s offerings include checking and savings accounts, certificates of deposit, residential and consumer loans, commercial real estate and business lending, treasury management and cash-management services.