By otakuyassine3@gmail.com 
Greenleaf Trust decreased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405,776 shares of the bank’s stock after selling 108,063 shares during the period. Greenleaf Trust’s holdings in Huntington Bancshares were worth $6,602,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Equity Partners grew its position in Huntington Bancshares by 1,280.1% during the fourth quarter. Golden State Equity Partners now owns 22,924 shares of the bank’s stock worth $373,000 after buying an additional 21,263 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Huntington Bancshares by 43.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 16,629 shares of the bank’s stock worth $273,000 after purchasing an additional 5,020 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Huntington Bancshares during the 4th quarter worth $422,000. Crews Bank & Trust bought a new position in shares of Huntington Bancshares in the fourth quarter worth $58,000. Finally, Strategic Blueprint LLC raised its stake in Huntington Bancshares by 2.8% in the fourth quarter. Strategic Blueprint LLC now owns 29,140 shares of the bank’s stock valued at $474,000 after purchasing an additional 804 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.
Insider Buying and Selling
In other news, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.
Huntington Bancshares Stock Performance
NASDAQ HBAN opened at $17.20 on Friday. The company has a market capitalization of $24.99 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.42 and a beta of 1.07. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.44. The stock has a fifty day simple moving average of $16.96 and a 200 day simple moving average of $15.74. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the prior year, the business earned $0.27 earnings per share. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.
Huntington Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 50.41%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on HBAN shares. Citigroup increased their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Piper Sandler reduced their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. DA Davidson boosted their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays raised their target price on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.06.
Read Our Latest Report on Huntington Bancshares
About Huntington Bancshares
Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.
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