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

F.N.B. Co. (NYSE:FNB) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given 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 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 Performance

NYSE:FNB traded down $0.15 during mid-day trading on Friday, hitting $15.68. The stock had a trading volume of 2,476,049 shares, compared to its average volume of 2,592,482. F.N.B. has a twelve month low of $12.49 and a twelve month high of $17.70. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 4.75 and a beta of 1.01. The company’s 50 day simple moving average is $15.57 and its 200 day simple moving average is $14.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FNB. Raymond James raised their target price on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. 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 report on Monday, October 21st. Wells Fargo & Company lowered 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 report on Monday, January 6th. Keefe, Bruyette & Woods increased their price target 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. Finally, DA Davidson increased their price target 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Insider Transactions at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their position. The transaction 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.