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

F.N.B. Corporation (NYSE:FNB) declared a quarterly dividend on Tuesday, April 14th. Stockholders 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 dividend yield of 2.9%. 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 dividend payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Equities 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. Price Performance

Shares of FNB opened at $17.72 on Wednesday. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 0.88 and a beta of 0.87. F.N.B. has a fifty-two week low of $12.01 and a fifty-two week high of $19.14. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.90. The business’s 50-day moving average is $17.21 and its 200-day moving average is $16.84.

F.N.B. (NYSE:FNB) last issued its earnings results on Wednesday, January 21st. The bank reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. The company had revenue of $457.78 million for the quarter, compared to the consensus estimate of $457.87 million. F.N.B. had a return on equity of 8.76% and a net margin of 20.98%.During the same quarter in the prior year, the company earned $0.30 EPS. Equities research analysts expect that F.N.B. will post 1.45 EPS for the current fiscal year.

Institutional Investors Weigh In On F.N.B.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in F.N.B. by 4.3% in the 4th quarter. GAMMA Investing LLC now owns 15,745 shares of the bank’s stock worth $269,000 after purchasing an additional 649 shares during the last quarter. Parallel Advisors LLC lifted its holdings in F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after purchasing an additional 720 shares during the last quarter. Quent Capital LLC lifted its holdings in F.N.B. by 6.6% in the 4th quarter. Quent Capital LLC now owns 11,823 shares of the bank’s stock worth $202,000 after purchasing an additional 734 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in F.N.B. by 61.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock worth $62,000 after purchasing an additional 1,369 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in F.N.B. by 1.8% in the 2nd quarter. Captrust Financial Advisors now owns 87,304 shares of the bank’s stock worth $1,273,000 after purchasing an additional 1,514 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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.