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

F.N.B. Co. (NYSE:FNB) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be given 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% indicating that 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 Performance

F.N.B. stock opened at $15.68 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. F.N.B. has a 12 month low of $12.49 and a 12 month high of $17.70. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 4.75 and a beta of 1.01. The stock’s 50-day moving average is $15.57 and its 200-day moving average is $14.95.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stephens lifted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. DA Davidson lifted their target price on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company cut their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Piper Sandler decreased their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.50.

Insiders Place Their Bets

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the sale, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.03% of the stock is currently owned by company insiders.

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.