F.N.B. Corporation (FNB) to Issue Quarterly Dividend of $0.13 on June 15th

F.N.B. Corporation (NYSE:FNB) declared a quarterly dividend on Tuesday, April 14th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.13 per share by the bank on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 1st. This is a 8.3% increase from F.N.B.’s previous quarterly dividend of $0.12.

F.N.B. has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect F.N.B. to earn $1.96 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 26.5%.

F.N.B. Stock Down 0.6%

Shares of NYSE FNB opened at $17.46 on Friday. F.N.B. has a one year low of $13.44 and a one year high of $19.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91. The firm’s 50 day simple moving average is $17.32 and its two-hundred day simple moving average is $17.24. The stock has a market capitalization of $6.21 billion, a P/E ratio of 10.78, a PEG ratio of 0.83 and a beta of 0.87.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Friday, April 17th. The bank reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. F.N.B. had a net margin of 21.64% and a return on equity of 8.94%. The business had revenue of $450.00 million for the quarter, compared to analysts’ expectations of $454.06 million. During the same period last year, the business earned $0.32 earnings per share. As a group, analysts expect that F.N.B. will post 1.73 EPS for the current fiscal year.

Institutional Trading of F.N.B.

Institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new stake in shares of F.N.B. during the fourth quarter valued at approximately $34,000. Root Financial Partners LLC boosted its stake in shares of F.N.B. by 66.8% during the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after purchasing an additional 820 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of F.N.B. by 3,723.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,420 shares during the period. Triumph Capital Management purchased a new stake in shares of F.N.B. during the third quarter valued at approximately $55,000. Finally, Parallel Advisors LLC boosted its stake in shares of F.N.B. by 18.9% during the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after purchasing an additional 720 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.