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

F.N.B. Corporation (NYSE:FNB) announced 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) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 1st.

F.N.B. has a dividend payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. 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 firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.21 and a beta of 0.84. 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 business has a 50 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 released its quarterly earnings results on Thursday, July 16th. The bank reported $0.42 earnings per share for the quarter, meeting 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 company had revenue of $465.77 million for the quarter, compared to analyst estimates of $467.13 million. During the same quarter in the prior year, the firm posted $0.36 EPS. Equities analysts forecast that F.N.B. will post 1.69 EPS for the current year.

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.