F.N.B. Corporation (FNB) To Go Ex-Dividend on December 1st

F.N.B. Corporation (NYSE:FNB) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Tuesday, December 1st will be given a dividend of $0.13 per share by the bank on Tuesday, December 15th. This represents a $0.52 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, December 1st.

F.N.B. has a payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Analysts expect F.N.B. to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 27.2%.

F.N.B. Stock Down 0.0%

Shares of F.N.B. stock opened at $18.17 on Friday. F.N.B. has a 1 year low of $15.21 and a 1 year high of $19.59. The company has a market cap of $6.42 billion, a P/E ratio of 10.69, a P/E/G ratio of 0.80 and a beta of 0.87. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $17.91 and a 200 day moving average price of $18.14.

F.N.B. (NYSE:FNB) last released its earnings results on Monday, October 19th. The bank reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. F.N.B. had a return on equity of 9.12% and a net margin of 22.46%. The company had revenue of $469.12 million for the quarter, compared to analysts’ expectations of $476.20 million. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, analysts expect that F.N.B. will post 1.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Truist Financial decreased their price target on shares of F.N.B. from $20.50 to $19.00 and set a “buy” rating for the company in a report on Friday, October 9th. Wells Fargo & Company lowered their price objective on shares of F.N.B. from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Bank of America reiterated a “neutral” rating and issued a $19.00 price objective (down from $20.00) on shares of F.N.B. in a research note on Monday, July 20th. Wall Street Zen upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research note on Friday, September 4th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, F.N.B. currently has an average rating of “Moderate Buy” and a consensus price target of $20.29.

F.N.B. Company Profile

F.N.B. Corporation (NYSE: FNB) is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking, lending and wealth management services to individuals, families, businesses and government entities.

FNB’s offerings include checking and savings accounts, certificates of deposit, residential and consumer loans, commercial real estate and business lending, treasury management and cash-management services.