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

F.N.B. Co. (NYSE:FNB - Get Free Report) announced 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 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Monday, March 3rd.

F.N.B. has a dividend payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. 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. Price Performance

Shares of FNB stock traded up $0.29 on Tuesday, reaching $15.59. The company had a trading volume of 1,753,110 shares, compared to its average volume of 2,785,878. The stock has a market capitalization of $5.60 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 3.74 and a beta of 1.01. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The business's 50-day moving average is $15.49 and its 200 day moving average is $14.96. F.N.B. has a one year low of $12.49 and a one year high of $17.70.

Wall Street Analyst Weigh In

Several research firms have commented on FNB. Keefe, Bruyette & Woods increased their target price on F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Wells Fargo & Company cut their target price on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Raymond James upped their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. StockNews.com upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Finally, DA Davidson increased their price objective on 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 issued a buy rating to the company. Based on data from MarketBeat, F.N.B. currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

Insiders Place Their Bets

In other 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 transaction, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.22% 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.