Ceredex Value Advisors LLC Raises Stake in F.N.B. Co. (NYSE:FNB)

Ceredex Value Advisors LLC increased its holdings in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 13.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 964,974 shares of the bank's stock after acquiring an additional 118,100 shares during the period. Ceredex Value Advisors LLC owned approximately 0.27% of F.N.B. worth $13,616,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FNB. AQR Capital Management LLC grew its stake in shares of F.N.B. by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank's stock worth $41,045,000 after purchasing an additional 1,964,884 shares during the period. Dimensional Fund Advisors LP grew its position in F.N.B. by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank's stock worth $303,361,000 after buying an additional 647,335 shares during the period. Exchange Traded Concepts LLC purchased a new position in F.N.B. in the third quarter valued at about $3,292,000. Choreo LLC acquired a new stake in shares of F.N.B. during the 2nd quarter valued at approximately $2,802,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of F.N.B. during the 3rd quarter worth approximately $2,223,000. Hedge funds and other institutional investors own 79.25% of the company's stock.

F.N.B. Stock Performance

F.N.B. stock remained flat at $14.50 during trading on Friday. 2,257,609 shares of the company were exchanged, compared to its average volume of 2,340,949. F.N.B. Co. has a 52-week low of $10.80 and a 52-week high of $15.65. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The business's 50-day moving average price is $14.25 and its 200 day moving average price is $13.98. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 13.30 and a beta of 0.95.

Wall Street Analyst Weigh In

Several analysts have weighed in on FNB shares. StockNews.com raised F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Stephens raised their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently 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.