F.N.B. Co. (FNB) To Go Ex-Dividend on March 3rd

F.N.B. Co. (NYSE:FNB) announced a quarterly dividend on Thursday, January 30th, Wall Street Journal reports. Stockholders 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 3.24%. The ex-dividend date of this dividend is Monday, March 3rd.

F.N.B. has a payout ratio of 28.4% meaning 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. Stock Up 1.2 %

Shares of NYSE:FNB opened at $14.83 on Friday. F.N.B. has a one year low of $12.49 and a one year high of $17.70. The company has a 50 day moving average of $15.18 and a 200-day moving average of $15.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 3.60 and a beta of 1.01.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. DA Davidson lifted their price target on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Piper Sandler cut their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Raymond James lifted 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 note on Thursday, November 21st. 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. presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Insider Transactions at F.N.B.

In other F.N.B. news, Director William B. Campbell acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average price of $15.57 per share, with a total value of $46,710.00. Following the completion of the transaction, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. This trade represents a 1.93 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by insiders.

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.