F.N.B. Co. (NYSE:FNB) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of F.N.B. Co. (NYSE:FNB) by 0.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 256,736 shares of the bank’s stock after selling 949 shares during the quarter. New York State Teachers Retirement System owned 0.07% of F.N.B. worth $3,623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FNB. Kathleen S. Wright Associates Inc. purchased a new stake in shares of F.N.B. in the 3rd quarter valued at approximately $28,000. Richardson Financial Services Inc. grew its stake in F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,473 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of F.N.B. in the first quarter worth approximately $45,000. GAMMA Investing LLC grew its position in F.N.B. by 113.8% during the second 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. Finally, UMB Bank n.a. boosted its stake in shares of F.N.B. by 82.3% during 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 period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Stock Performance

NYSE:FNB opened at $16.73 on Thursday. The firm has a market capitalization of $6.01 billion, a PE ratio of 15.16 and a beta of 0.95. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. F.N.B. Co. has a 1 year low of $10.98 and a 1 year high of $16.76. The firm’s fifty day simple moving average is $14.24 and its 200 day simple moving average is $14.01.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, Stephens increased their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.