Assenagon Asset Management S.A. Takes $2.22 Million Position in F.N.B. Co. (NYSE:FNB)

Assenagon Asset Management S.A. bought a new position in shares of F.N.B. Co. (NYSE:FNB - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 157,549 shares of the bank's stock, valued at approximately $2,223,000.

A number of other large investors have also modified their holdings of FNB. Diversified Trust Co grew its holdings in shares of F.N.B. by 4.9% in the second quarter. Diversified Trust Co now owns 16,852 shares of the bank's stock valued at $231,000 after purchasing an additional 789 shares during the period. Signaturefd LLC lifted its position in F.N.B. by 16.7% in the third quarter. Signaturefd LLC now owns 5,592 shares of the bank's stock valued at $79,000 after buying an additional 799 shares during the last quarter. Miller Howard Investments Inc. NY lifted its position in F.N.B. by 2.4% in the second quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank's stock valued at $480,000 after buying an additional 836 shares during the last quarter. Bank of Montreal Can lifted its position in F.N.B. by 2.2% in the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank's stock valued at $653,000 after buying an additional 1,040 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in F.N.B. by 19.7% in the second quarter. Blue Trust Inc. now owns 9,042 shares of the bank's stock valued at $127,000 after buying an additional 1,486 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.

F.N.B. Price Performance

Shares of NYSE FNB remained flat at $14.50 during midday trading on Friday. 2,257,534 shares of the stock traded hands, compared to its average volume of 2,202,309. F.N.B. Co. has a twelve month low of $10.80 and a twelve month high of $15.65. The company's 50-day moving average price is $14.25 and its two-hundred day moving average price is $13.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 13.29 and a beta of 0.96.

Analysts Set New Price Targets

FNB has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an "overweight" rating on shares of F.N.B. in a research report on Friday, October 18th. 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, Stephens raised their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average 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.