F.N.B. Co. (NYSE:FNB – Get Free Report) 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.
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.
Read Our Latest Research Report on FNB
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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