Mirae Asset Global Investments Co. Ltd. Purchases Shares of 78,587 F.N.B. Co. (NYSE:FNB)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in F.N.B. Co. (NYSE:FNB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 78,587 shares of the bank's stock, valued at approximately $1,082,000.

Other institutional investors have also modified their holdings of the company. First Command Advisory Services Inc. purchased a new position in F.N.B. in the third quarter valued at about $27,000. Clearstead Advisors LLC bought a new stake in F.N.B. during the 3rd quarter valued at approximately $36,000. Ronald Blue Trust Inc. boosted its stake in F.N.B. by 447.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 4,546 shares of the bank's stock valued at $52,000 after purchasing an additional 3,715 shares during the period. Blue Trust Inc. boosted its stake in F.N.B. by 56.2% during the 4th quarter. Blue Trust Inc. now owns 7,099 shares of the bank's stock valued at $98,000 after purchasing an additional 2,553 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in F.N.B. during the 3rd quarter valued at approximately $109,000. Institutional investors and hedge funds own 79.25% of the company's stock.

Insider Buying and Selling at F.N.B.

In other news, Director William B. Campbell purchased 2,500 shares of the company's stock in a transaction on Tuesday, April 23rd. The shares were purchased at an average price of $13.48 per share, with a total value of $33,700.00. Following the purchase, the director now directly owns 149,458 shares of the company's stock, valued at approximately $2,014,693.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought 6,500 shares of company stock valued at $87,505 in the last 90 days. 1.22% of the stock is currently owned by company insiders.

F.N.B. Trading Up 2.2 %

F.N.B. stock traded up $0.30 during mid-day trading on Tuesday, hitting $13.64. 2,514,476 shares of the company's stock were exchanged, compared to its average volume of 2,132,180. The firm has a market capitalization of $4.90 billion, a P/E ratio of 11.00, a PEG ratio of 9.07 and a beta of 1.02. F.N.B. Co. has a fifty-two week low of $10.09 and a fifty-two week high of $14.19. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The company's 50 day simple moving average is $13.47 and its 200-day simple moving average is $12.81.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $406.87 million for the quarter, compared to the consensus estimate of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter last year, the business posted $0.40 EPS. On average, equities analysts anticipate that F.N.B. Co. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Wednesday, March 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Tuesday, March 5th. F.N.B.'s dividend payout ratio is 38.71%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Stephens cut their price target on F.N.B. from $16.00 to $15.00 and set an "overweight" rating for the company in a report on Friday. StockNews.com cut F.N.B. from a "hold" rating to a "sell" rating in a report on Friday, February 16th. Bank of America started coverage on F.N.B. in a report on Thursday, January 11th. They set a "buy" rating and a $15.00 price target for the company. Wells Fargo & Company raised their price target on F.N.B. from $14.00 to $16.00 and gave the company an "overweight" rating in a report on Wednesday, April 10th. Finally, Raymond James raised their price target on F.N.B. from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, F.N.B. has an average rating of "Moderate Buy" and a consensus target price of $15.00.

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.