Congress Asset Management Co. Has $2.27 Million Stock Holdings in F.N.B. Co. (NYSE:FNB)

Congress Asset Management Co. trimmed its holdings in F.N.B. Co. (NYSE:FNB) by 1.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 160,774 shares of the bank’s stock after selling 1,637 shares during the quarter. Congress Asset Management Co.’s holdings in F.N.B. were worth $2,269,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FNB. SG Americas Securities LLC bought a new position in shares of F.N.B. in the second quarter worth about $920,000. Sei Investments Co. lifted its holdings in F.N.B. by 5.8% during the 1st quarter. Sei Investments Co. now owns 1,341,044 shares of the bank’s stock worth $18,909,000 after buying an additional 73,016 shares in the last quarter. CWM LLC boosted its position in F.N.B. by 0.4% in the 3rd quarter. CWM LLC now owns 379,995 shares of the bank’s stock valued at $5,362,000 after buying an additional 1,527 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in F.N.B. during the first quarter worth about $600,000. Finally, Cetera Advisors LLC lifted its holdings in F.N.B. by 253.4% during the first quarter. Cetera Advisors LLC now owns 92,986 shares of the bank’s stock worth $1,311,000 after acquiring an additional 66,676 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

Analyst Upgrades and Downgrades

FNB has been the topic of a number of research analyst reports. 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 note on Monday, October 21st. Finally, Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to 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. Price Performance

Shares of FNB opened at $14.51 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. F.N.B. Co. has a twelve month low of $10.80 and a twelve month high of $15.65. The stock has a market capitalization of $5.22 billion, a P/E ratio of 13.31 and a beta of 0.96. The company has a 50 day moving average of $14.25 and a 200-day moving average of $13.97.

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.