F.N.B. Co. (NYSE:FNB) Shares Purchased by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC raised its stake in F.N.B. Co. (NYSE:FNB) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 964,974 shares of the bank’s stock after acquiring an additional 118,100 shares during the period. Ceredex Value Advisors LLC’s holdings in F.N.B. were worth $13,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of F.N.B. in the 3rd quarter valued at about $28,000. Richardson Financial Services Inc. lifted its stake in F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after buying an additional 1,473 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of F.N.B. in the first quarter valued at approximately $45,000. GAMMA Investing LLC grew its position in shares of F.N.B. by 113.8% during the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock worth $45,000 after acquiring an additional 1,764 shares during the last quarter. Finally, UMB Bank n.a. raised its position in F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,665 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Performance

Shares of FNB stock opened at $14.50 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock has a 50 day simple moving average of $14.25 and a 200-day simple moving average of $13.97. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 13.30 and a beta of 0.95. F.N.B. Co. has a 12-month low of $10.80 and a 12-month high of $15.65.

Wall Street Analysts Forecast Growth

FNB has been the topic of several research reports. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, Stephens lifted their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, F.N.B. has a consensus rating of “Moderate Buy” and an average price target of $16.33.

F.N.B. Profile

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.