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

F.N.B. Co. (NYSE:FNB) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Stockholders of record on Thursday, June 6th will be paid a dividend of 0.12 per share by the bank on Saturday, June 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, June 6th.

F.N.B. Stock Performance

FNB traded up $0.03 during midday trading on Thursday, reaching $13.62. The company’s stock had a trading volume of 206,156 shares, compared to its average volume of 2,163,487. The stock has a market cap of $4.89 billion, a P/E ratio of 10.99, a PEG ratio of 9.44 and a beta of 1.00. The company has a fifty day simple moving average of $13.49 and a 200 day simple moving average of $12.91. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. F.N.B. has a twelve month low of $10.09 and a twelve month high of $14.19.

F.N.B. (NYSE:FNB) last released its earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. The firm had revenue of $406.87 million for the quarter, compared to analyst estimates of $406.96 million. During the same quarter last year, the firm posted $0.40 EPS. Research analysts expect that F.N.B. will post 1.41 earnings per share for the current year.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, Director William B. Campbell acquired 2,500 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was purchased at an average price of $13.48 per share, for a total transaction of $33,700.00. Following the transaction, the director now owns 149,458 shares in the company, valued at approximately $2,014,693.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders acquired 6,500 shares of company stock worth $87,505. 1.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Stephens reduced their price objective on F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Wells Fargo & Company raised their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Raymond James raised their target price on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, Bank of America assumed coverage on F.N.B. in a research report on Thursday, January 11th. They set a “buy” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

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.