F.N.B. Co. (NYSE:FNB) Stock Holdings Lowered by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in shares of F.N.B. Co. (NYSE:FNB) by 6.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,707 shares of the bank’s stock after selling 1,121 shares during the period. Private Advisor Group LLC’s holdings in F.N.B. were worth $236,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kathleen S. Wright Associates Inc. acquired a new stake in F.N.B. during the 3rd quarter worth about $28,000. LRI Investments LLC purchased a new position in shares of F.N.B. in the first quarter worth approximately $45,000. GAMMA Investing LLC raised its holdings 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 valued at $45,000 after acquiring an additional 1,764 shares during the period. UMB Bank n.a. lifted its position in shares of 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 acquiring an additional 1,665 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in F.N.B. by 16.7% in the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock worth $79,000 after purchasing an additional 799 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Wall Street Analyst Weigh In

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

F.N.B. Price Performance

Shares of NYSE:FNB opened at $16.06 on Friday. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 14.73 and a beta of 0.95. F.N.B. Co. has a 1 year low of $10.98 and a 1 year high of $16.76. 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 business has a fifty day simple moving average of $14.31 and a 200 day simple moving average of $14.04.

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.