F.N.B. Corporation (NYSE:FNB) to Issue $0.13 Quarterly Dividend

F.N.B. Corporation (NYSE:FNB) declared 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 dividend payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Equities research 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

NYSE FNB opened at $19.00 on Thursday. The company has a market cap of $6.76 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.21 and a beta of 0.84. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $18.46 and a 200 day simple moving average of $17.75. F.N.B. has a 1 year low of $14.45 and a 1 year high of $19.59.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.The business had revenue of $465.77 million for the quarter, compared to analyst estimates of $467.13 million. During the same period last year, the company earned $0.36 EPS. On average, sell-side analysts predict 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.