State of Alaska Department of Revenue Raises Stake in F.N.B. Co. (NYSE:FNB)

State of Alaska Department of Revenue boosted its holdings in shares of F.N.B. Co. (NYSE:FNB) by 7.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,581 shares of the bank’s stock after buying an additional 2,830 shares during the quarter. State of Alaska Department of Revenue’s holdings in F.N.B. were worth $586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FNB. Kathleen S. Wright Associates Inc. purchased a new position in F.N.B. during the third quarter valued at approximately $28,000. LRI Investments LLC acquired a new stake in shares of F.N.B. during the 1st quarter worth approximately $45,000. GAMMA Investing LLC increased its holdings in shares of F.N.B. by 113.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,764 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of 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 purchasing an additional 1,665 shares during the period. Finally, Signaturefd LLC boosted its holdings in F.N.B. by 16.7% during the third quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock worth $79,000 after buying an additional 799 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FNB. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Stephens lifted their price target on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.33.

F.N.B. Stock Down 4.0 %

FNB opened at $16.06 on Friday. The company has a market cap of $5.77 billion, a PE ratio of 14.73 and a beta of 0.95. F.N.B. Co. has a twelve month low of $10.98 and a twelve month high of $16.76. The company has a 50-day moving average price of $14.31 and a 200 day moving average price of $14.04. 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. 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.