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

F.N.B. Corporation (NYSE:FNB) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.12 per share by the bank on Monday, March 16th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, March 2nd.

F.N.B. has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Research 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. Trading Down 0.4%

Shares of F.N.B. stock traded down $0.08 during trading on Wednesday, hitting $17.36. The stock had a trading volume of 1,386,758 shares, compared to its average volume of 5,933,390. F.N.B. has a 1 year low of $10.88 and a 1 year high of $18.30. The stock has a 50 day simple moving average of $17.19 and a 200 day simple moving average of $16.34. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $6.22 billion, a PE ratio of 11.12, a P/E/G ratio of 0.83 and a beta of 0.91.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Tuesday, January 20th. The bank reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.09. The firm had revenue of $457.78 million for the quarter, compared to analysts’ expectations of $457.87 million. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. During the same period in the previous year, the company posted $0.30 EPS. On average, research analysts expect that F.N.B. will post 1.45 EPS for the current fiscal year.

Insider Buying and Selling at F.N.B.

In other news, insider Gary L. Guerrieri sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $17.67, for a total value of $265,050.00. Following the sale, the insider directly owned 279,883 shares of the company’s stock, valued at approximately $4,945,532.61. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James L. Dutey sold 40,000 shares of F.N.B. stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $16.75, for a total value of $670,000.00. Following the completion of the transaction, the insider owned 49,936 shares in the company, valued at $836,428. The trade was a 44.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV acquired a new stake in shares of F.N.B. in the fourth quarter worth $191,000. Stanley Laman Group Ltd. increased its holdings in shares of F.N.B. by 1.5% during the 4th quarter. Stanley Laman Group Ltd. now owns 238,818 shares of the bank’s stock worth $4,084,000 after purchasing an additional 3,589 shares during the period. CoreCap Advisors LLC acquired a new position in shares of F.N.B. during the fourth quarter valued at about $34,000. Congress Asset Management Co. lifted its stake in shares of F.N.B. by 2.6% in the fourth quarter. Congress Asset Management Co. now owns 466,393 shares of the bank’s stock valued at $7,975,000 after buying an additional 11,841 shares during the period. Finally, Park National Corp OH bought a new position in F.N.B. during the fourth quarter valued at about $188,000. 79.25% of the stock is owned by institutional investors.

About F.N.B.

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.