Private Advisor Group LLC Has $236,000 Position in F.N.B. Co. (NYSE:FNB)

Private Advisor Group LLC cut its holdings in F.N.B. Co. (NYSE:FNB) by 6.3% during the third quarter, HoldingsChannel reports. The firm 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 filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after acquiring an additional 1,964,884 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of F.N.B. by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after purchasing an additional 647,335 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in F.N.B. during the third quarter worth $3,292,000. Choreo LLC bought a new stake in F.N.B. in the 2nd quarter valued at $2,802,000. Finally, Stieven Capital Advisors L.P. raised its stake in shares of F.N.B. by 8.8% in the 2nd quarter. Stieven Capital Advisors L.P. now owns 1,173,891 shares of the bank’s stock valued at $16,059,000 after buying an additional 95,100 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Performance

Shares of FNB stock opened at $16.06 on Friday. The stock has a 50-day moving average of $14.31 and a 200-day moving average of $14.04. F.N.B. Co. has a one year low of $10.98 and a one year high of $16.76. The stock has a market cap of $5.77 billion, a PE ratio of 14.73 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.

Analyst Upgrades and Downgrades

FNB has been the subject of a number of analyst reports. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, Stephens upped their price target on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.33.

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.