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

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

F.N.B. has a dividend payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. 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%

FNB stock opened at $18.20 on Friday. The company has a market capitalization of $6.43 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 0.78 and a beta of 0.87. F.N.B. has a 12 month low of $15.19 and a 12 month high of $19.59. The firm’s fifty 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 current ratio of 0.91 and a quick ratio of 0.91.

F.N.B. (NYSE:FNB) last issued its earnings results on Monday, October 19th. The bank reported $0.43 earnings per share (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 analysts’ expectations of $476.20 million. During the same quarter last year, the company posted $0.41 earnings per share. As a group, equities research analysts forecast that F.N.B. will post 1.69 earnings per share for the current year.

Insider Activity

In related news, insider Bryant Mitchell David sold 4,055 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $19.25, for a total value of $78,058.75. Following the completion of the transaction, the insider directly owned 144,283 shares of the company’s stock, valued at approximately $2,777,447.75. This represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently bought and sold shares of FNB. Root Financial Partners LLC grew its stake in F.N.B. by 66.8% during the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after acquiring an additional 820 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of F.N.B. by 50.7% in the second quarter. Parkside Financial Bank & Trust now owns 3,289 shares of the bank’s stock valued at $63,000 after purchasing an additional 1,106 shares in the last quarter. Nykredit A S acquired a new stake in shares of F.N.B. in the second quarter valued at approximately $121,000. Pinnacle Holdings LLC acquired a new stake in shares of F.N.B. in the second quarter valued at approximately $135,000. Finally, IFP Advisors Inc boosted its stake in F.N.B. by 45.3% during the second quarter. IFP Advisors Inc now owns 7,248 shares of the bank’s stock worth $138,000 after buying an additional 2,261 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 (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.