F.N.B. Corporation (NYSE:FNB) Announces Dividend Increase – $0.13 Per Share

F.N.B. Corporation (NYSE:FNB) announced a quarterly dividend on Tuesday, April 14th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.13 per share by the bank on Monday, June 15th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, June 1st. This is a 8.3% increase from F.N.B.’s previous quarterly dividend of $0.12.

F.N.B. has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 0.4%

Shares of NYSE FNB opened at $17.72 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.90. The company has a market cap of $6.30 billion, a P/E ratio of 11.36, a PEG ratio of 0.88 and a beta of 0.87. F.N.B. has a 1 year low of $12.01 and a 1 year high of $19.14. The firm has a 50-day simple moving average of $17.21 and a two-hundred day simple moving average of $16.84.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Wednesday, January 21st. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.09. The business had revenue of $457.78 million during the quarter, compared to the consensus estimate of $457.87 million. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. During the same quarter last year, the firm earned $0.30 earnings per share. Research analysts anticipate that F.N.B. will post 1.45 earnings per share for the current year.

Institutional Trading of F.N.B.

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of F.N.B. by 4.3% during the fourth quarter. GAMMA Investing LLC now owns 15,745 shares of the bank’s stock valued at $269,000 after acquiring an additional 649 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of F.N.B. by 18.9% during the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after acquiring an additional 720 shares in the last quarter. Quent Capital LLC raised its stake in shares of F.N.B. by 6.6% during the fourth quarter. Quent Capital LLC now owns 11,823 shares of the bank’s stock valued at $202,000 after acquiring an additional 734 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of F.N.B. by 61.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock valued at $62,000 after acquiring an additional 1,369 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of F.N.B. by 1.8% during the second quarter. Captrust Financial Advisors now owns 87,304 shares of the bank’s stock valued at $1,273,000 after acquiring an additional 1,514 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

About F.N.B.

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.