F.N.B. Corporation (NYSE:FNB) Plans Quarterly Dividend of $0.13

F.N.B. Corporation (NYSE:FNB) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.13 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 1st.

F.N.B. has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect F.N.B. to earn $1.90 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 27.4%.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $19.00 on Thursday. The stock has a market capitalization of $6.76 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.21 and a beta of 0.84. F.N.B. has a one year low of $14.45 and a one year high of $19.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91. The business’s 50 day simple moving average is $18.46 and its two-hundred day simple moving average is $17.75.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $465.77 million during the quarter, compared to analyst estimates of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same period in the prior year, the business posted $0.36 EPS. Analysts forecast that F.N.B. will post 1.69 EPS for the current year.

F.N.B. Company Profile

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.