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

F.N.B. Co. (NYSE:FNB) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders 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 dividend yield of 3.06%. The ex-dividend date is Monday, March 3rd.

F.N.B. has a payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect F.N.B. to earn $1.66 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 28.9%.

F.N.B. Stock Down 0.9 %

FNB stock opened at $15.68 on Friday. F.N.B. has a 52 week low of $12.49 and a 52 week high of $17.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The company has a market cap of $5.64 billion, a P/E ratio of 12.44, a P/E/G ratio of 4.75 and a beta of 1.01. The company’s 50-day moving average price is $15.57 and its 200 day moving average price is $14.95.

Analyst Upgrades and Downgrades

FNB has been the subject of several research analyst reports. DA Davidson raised their price objective on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company cut their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods lifted their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens increased their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Insider Activity at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.03% of the company’s stock.

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.