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

Ceredex Value Advisors LLC grew its stake in F.N.B. Co. (NYSE:FNB) by 13.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 964,974 shares of the bank’s stock after acquiring an additional 118,100 shares during the quarter. Ceredex Value Advisors LLC owned about 0.27% of F.N.B. worth $13,616,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. purchased a new position in shares of F.N.B. during the 3rd quarter worth $28,000. Richardson Financial Services Inc. raised its stake in shares of F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,473 shares during the period. LRI Investments LLC acquired a new position in shares of F.N.B. in the 1st quarter worth approximately $45,000. GAMMA Investing LLC boosted its position in shares of F.N.B. by 113.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock worth $45,000 after purchasing an additional 1,764 shares during the period. Finally, UMB Bank n.a. increased its holdings 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. Price Performance

F.N.B. stock opened at $14.50 on Friday. The company has a fifty day simple moving average of $14.25 and a 200-day simple moving average of $13.97. The stock has a market cap of $5.21 billion, a P/E 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. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40.

Wall Street Analysts Forecast Growth

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

F.N.B. Company 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.