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

F.N.B. Corporation (NYSE:FNB) announced a quarterly dividend on Wednesday, November 12th. Shareholders of record on Monday, December 1st will be paid a dividend of 0.12 per share by the bank on Monday, December 15th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, December 1st.

F.N.B. has a dividend payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect F.N.B. to earn $1.68 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 28.6%.

F.N.B. Price Performance

NYSE:FNB opened at $16.21 on Thursday. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 0.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50 day simple moving average of $15.96 and a 200-day simple moving average of $15.25. F.N.B. has a 1 year low of $10.88 and a 1 year high of $17.70.

F.N.B. (NYSE:FNB) last released its earnings results on Thursday, June 20th. The bank reported $0.40 earnings per share for the quarter. The firm had revenue of $419.30 million for the quarter. F.N.B. had a return on equity of 8.22% and a net margin of 19.23%. Equities analysts forecast that F.N.B. will post 1.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of F.N.B. from $18.00 to $18.50 and gave the company a “buy” rating in a research note on Monday, October 20th. DA Davidson lowered shares of F.N.B. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $18.50 price objective (up previously from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. Wells Fargo & Company boosted their target price on F.N.B. from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of F.N.B. in a report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, F.N.B. currently has a consensus rating of “Moderate Buy” and an average price target of $18.83.

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.