89,746 Shares in Huntington Bancshares Incorporated (NASDAQ:HBAN) Acquired by Donoghue Forlines LLC

Donoghue Forlines LLC acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 89,746 shares of the bank’s stock, valued at approximately $1,460,000.

Several other large investors have also made changes to their positions in the company. Asset Dedication LLC raised its holdings in Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after buying an additional 1,202 shares during the period. Peoples Bank KS purchased a new stake in shares of Huntington Bancshares during the 3rd quarter valued at about $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Huntington Bancshares in the third quarter valued at $31,000. Fortitude Family Office LLC acquired a new stake in Huntington Bancshares during the 3rd quarter valued at $32,000. Finally, UMB Bank n.a. lifted its holdings in Huntington Bancshares by 19.1% in the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock worth $67,000 after buying an additional 728 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Up 0.7 %

NASDAQ:HBAN opened at $16.98 on Thursday. The stock has a fifty day simple moving average of $17.02 and a 200 day simple moving average of $15.55. The firm has a market capitalization of $24.66 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.07. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44. 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) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period last year, the business posted $0.27 earnings per share. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.37 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.65%. Huntington Bancshares’s payout ratio is 50.41%.

Insider Activity at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s 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 transaction, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday. Keefe, Bruyette & Woods upped their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. DA Davidson lifted their target price on Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Piper Sandler dropped their price target on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares Company Profile

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.