Raymond James & Associates lessened its holdings in F.N.B. Co. (NYSE:FNB - Free Report) by 12.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 366,085 shares of the bank's stock after selling 50,530 shares during the period. Raymond James & Associates owned about 0.10% of F.N.B. worth $5,165,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. purchased a new stake in F.N.B. in the 3rd quarter valued at about $28,000. LRI Investments LLC purchased a new stake in F.N.B. in the 1st quarter valued at about $45,000. GAMMA Investing LLC increased its stake in F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank's stock valued at $45,000 after buying an additional 1,764 shares during the last quarter. UMB Bank n.a. increased its stake 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 buying an additional 1,665 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in F.N.B. by 19.7% in the 2nd 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. Institutional investors and hedge funds own 79.25% of the company's stock.
F.N.B. Price Performance
FNB remained flat at $14.50 on Friday. 2,257,609 shares of the company traded hands, compared to its average volume of 2,202,309. The stock's 50 day simple moving average is $14.25 and its 200 day simple moving average is $13.97. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 13.30 and a beta of 0.96. F.N.B. Co. has a 52 week low of $10.80 and a 52 week 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.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. StockNews.com upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a research note on Monday, October 21st. Stephens raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Finally, Piper Sandler restated an "overweight" rating on shares of F.N.B. in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $16.33.
Get Our Latest Report on F.N.B.
About F.N.B.
(
Free Report)
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.
Featured Articles
Before you consider F.N.B., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and F.N.B. wasn't on the list.
While F.N.B. currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
