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

F.N.B. Co. (NYSE:FNB) declared a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.12 per share by the bank on Sunday, December 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Monday, December 2nd.

F.N.B. has a dividend payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect F.N.B. to earn $1.41 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 34.0%.

F.N.B. Stock Performance

NYSE:FNB opened at $17.16 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $15.04 and a 200-day simple moving average of $14.36. F.N.B. has a 12 month low of $11.89 and a 12 month high of $17.70. The company has a market capitalization of $6.17 billion, a P/E ratio of 15.74 and a beta of 0.95.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. On average, equities research analysts anticipate that F.N.B. will post 1.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FNB. Raymond James upped their target price on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Stephens upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.83.

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.