F.N.B. Co. (NYSE:FNB) Plans $0.12 Quarterly Dividend

F.N.B. Co. (NYSE:FNB) declared a quarterly dividend on Thursday, January 30th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.12 per share by the bank on Saturday, March 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Monday, March 3rd.

F.N.B. has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 $14.83 on Friday. F.N.B. has a one year low of $12.49 and a one year high of $17.70. The company has a market cap of $5.33 billion, a P/E ratio of 11.77, a P/E/G ratio of 3.60 and a beta of 1.01. The firm’s fifty day moving average price is $15.18 and its two-hundred day moving average price is $15.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94.

Insider Activity at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the sale, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David L. Motley sold 15,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the sale, the director now directly owns 65,344 shares of the company’s stock, valued at $1,013,485.44. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Raymond James upped their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. DA Davidson upped their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company decreased their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Piper Sandler decreased their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

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.