F.N.B. Corporation (NYSE:FNB) Plans Quarterly Dividend of $0.13

F.N.B. Corporation (NYSE:FNB) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.13 per share by the bank on Tuesday, December 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, December 1st.

F.N.B. has a payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect F.N.B. to earn $1.91 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 27.2%.

F.N.B. Stock Up 2.3%

NYSE:FNB opened at $18.20 on Friday. The company’s 50-day simple moving average is $17.94 and its 200-day simple moving average is $18.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.91. F.N.B. has a fifty-two week low of $15.19 and a fifty-two week high of $19.59. The stock has a market capitalization of $6.43 billion, a P/E ratio of 10.71, a P/E/G ratio of 0.78 and a beta of 0.87.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Monday, October 19th. The bank reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. F.N.B. had a net margin of 22.46% and a return on equity of 9.12%. The firm had revenue of $469.12 million during the quarter, compared to analyst estimates of $476.20 million. During the same quarter in the previous year, the business posted $0.41 EPS. On average, equities analysts anticipate that F.N.B. will post 1.69 earnings per share for the current fiscal year.

F.N.B. Company Profile

F.N.B. Corporation (NYSE: FNB) is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking, lending and wealth management services to individuals, families, businesses and government entities.

FNB’s offerings include checking and savings accounts, certificates of deposit, residential and consumer loans, commercial real estate and business lending, treasury management and cash-management services.