F.N.B. Co. (NYSE:FNB) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,791 shares of the bank's stock after purchasing an additional 20,029 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in F.N.B. were worth $1,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ethic Inc. increased its holdings in F.N.B. by 18.4% in the fourth quarter. Ethic Inc. now owns 67,349 shares of the bank's stock valued at $995,000 after buying an additional 10,468 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in F.N.B. in the fourth quarter valued at about $12,952,000. Bastion Asset Management Inc. purchased a new position in F.N.B. in the fourth quarter valued at about $4,360,000. Algert Global LLC purchased a new position in F.N.B. in the fourth quarter valued at about $482,000. Finally, AmeriServ Wealth Advisors purchased a new position in F.N.B. in the fourth quarter valued at about $463,000. Institutional investors and hedge funds own 79.25% of the company's stock.

F.N.B. Trading Down 1.2%

NYSE FNB traded down $0.17 during mid-day trading on Wednesday, reaching $14.00. 170,440 shares of the stock were exchanged, compared to its average volume of 2,487,326. F.N.B. Co. has a 1-year low of $10.88 and a 1-year high of $17.70. The business's fifty day simple moving average is $13.25 and its 200 day simple moving average is $14.60. The stock has a market capitalization of $5.04 billion, a PE ratio of 11.12, a PEG ratio of 3.60 and a beta of 0.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94.

F.N.B. (NYSE:FNB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The firm had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. During the same quarter last year, the business earned $0.34 earnings per share. On average, research analysts anticipate that F.N.B. Co. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.43%. F.N.B.'s dividend payout ratio (DPR) is currently 38.10%.

Analyst Ratings Changes

Several research firms have recently issued reports on FNB. Wells Fargo & Company cut their price target on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Truist Financial began coverage on F.N.B. in a research note on Tuesday, May 13th. They set a "buy" rating and a $16.50 price target for the company. Keefe, Bruyette & Woods raised F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target for the company in a research note on Monday, April 21st. Finally, DA Davidson reaffirmed a "buy" rating and set a $19.00 price target on shares of F.N.B. in a research note on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $17.57.

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.