Investors Research Corp Sells 1,225 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Investors Research Corp lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,803 shares of the bank’s stock after selling 1,225 shares during the quarter. Investors Research Corp’s holdings in Huntington Bancshares were worth $810,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Huntington Bancshares by 19.3% during the third quarter. Farther Finance Advisors LLC now owns 11,618 shares of the bank’s stock worth $171,000 after acquiring an additional 1,883 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Huntington Bancshares by 40.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 192,984 shares of the bank’s stock worth $2,837,000 after buying an additional 55,865 shares in the last quarter. Principal Financial Group Inc. grew its stake in Huntington Bancshares by 6.9% during the third quarter. Principal Financial Group Inc. now owns 1,743,357 shares of the bank’s stock worth $25,627,000 after buying an additional 112,146 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Huntington Bancshares by 3.7% during the third quarter. Verdence Capital Advisors LLC now owns 78,535 shares of the bank’s stock worth $1,154,000 after buying an additional 2,816 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Huntington Bancshares by 24.0% in the 3rd quarter. Assetmark Inc. now owns 128,396 shares of the bank’s stock valued at $1,887,000 after purchasing an additional 24,879 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HBAN shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 21st. Barclays lifted their price objective on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Piper Sandler reduced their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Citigroup lifted their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Truist Financial lifted their price objective on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.24.

Huntington Bancshares Stock Up 0.1 %

NASDAQ:HBAN opened at $15.14 on Monday. The company’s 50-day simple moving average is $16.55 and its 200-day simple moving average is $16.13. The stock has a market capitalization of $22.01 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the business posted $0.27 earnings per share. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.10%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

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.