F.N.B. Corp. (fnb) to Issue Quarterly Dividend of $0.12 on December 15th
F.N.B. Corp. (NYSE:fnb) announced a quarterly dividend on Thursday, October 20th. Investors of record on Thursday, December 1st will be given a dividend of 0.12 per share on Thursday, December 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Tuesday, November 29th.
Shares of F.N.B. Corp. (NYSE:FNB) opened at 15.29 on Thursday. The company’s 50 day moving average price is $13.30 and its 200 day moving average price is $12.74. The firm has a market cap of $3.19 billion, a P/E ratio of 20.20 and a beta of 0.85. F.N.B. Corp. has a 12-month low of $11.16 and a 12-month high of $15.33.
F.N.B. Corp. (NYSE:FNB) last issued its earnings results on Wednesday, October 19th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. F.N.B. Corp. had a net margin of 18.98% and a return on equity of 7.73%. During the same quarter in the previous year, the business posted $0.22 EPS. Equities research analysts forecast that F.N.B. Corp. will post $0.79 EPS for the current year.
FNB has been the topic of a number of analyst reports. Zacks Investment Research cut shares of F.N.B. Corp. from a “buy” rating to a “hold” rating in a report on Friday, October 14th. FBR & Co boosted their target price on shares of F.N.B. Corp. from $13.00 to $14.00 and gave the company a “mkt perform” rating in a report on Friday, October 21st.
In other news, Director John S. Stanik purchased 2,150 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were purchased at an average price of $12.77 per share, with a total value of $27,455.50. Following the completion of the acquisition, the director now owns 26,279 shares in the company, valued at approximately $335,582.83. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.63% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Investment Management LLC boosted its position in F.N.B. Corp. by 8.9% in the second quarter. BlackRock Investment Management LLC now owns 1,430,631 shares of the company’s stock valued at $17,940,000 after buying an additional 116,629 shares during the last quarter. BlackRock Inc. boosted its position in F.N.B. Corp. by 20.2% in the second quarter. BlackRock Inc. now owns 139,022 shares of the company’s stock valued at $1,743,000 after buying an additional 23,316 shares during the last quarter. BlackRock Fund Advisors boosted its position in F.N.B. Corp. by 5.0% in the second quarter. BlackRock Fund Advisors now owns 13,710,886 shares of the company’s stock valued at $171,935,000 after buying an additional 655,903 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in F.N.B. Corp. by 5.4% in the second quarter. Ameritas Investment Partners Inc. now owns 49,367 shares of the company’s stock valued at $619,000 after buying an additional 2,514 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in F.N.B. Corp. by 72.7% in the second quarter. HighTower Advisors LLC now owns 138,228 shares of the company’s stock valued at $1,737,000 after buying an additional 58,182 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.
About F.N.B. Corp.
F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.
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