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

F.N.B. Corporation (NYSE:FNB) announced a quarterly dividend on Wednesday, November 12th. Investors 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) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date 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. Stock Performance

Shares of NYSE FNB opened at $16.21 on Thursday. F.N.B. has a 52-week low of $10.88 and a 52-week high of $17.70. The stock 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 quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $15.96 and its 200 day simple moving average is $15.25.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data 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 net margin of 19.23% and a return on equity of 8.22%. As a group, sell-side analysts forecast that F.N.B. will post 1.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.