PDS Planning Inc Buys 7,612 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

PDS Planning Inc lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.9% in the 4th quarter, HoldingsChannel reports. The fund owned 71,453 shares of the bank’s stock after purchasing an additional 7,612 shares during the quarter. PDS Planning Inc’s holdings in Huntington Bancshares were worth $1,163,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Arvest Bank Trust Division bought a new position in shares of Huntington Bancshares in the 3rd quarter worth $2,381,000. Mediolanum International Funds Ltd bought a new position in shares of Huntington Bancshares in the 4th quarter worth $422,000. Donoghue Forlines LLC bought a new position in shares of Huntington Bancshares in the 4th quarter worth $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Huntington Bancshares by 5.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock worth $12,414,000 after acquiring an additional 44,662 shares in the last quarter. Finally, Petiole USA ltd bought a new position in shares of Huntington Bancshares in the 3rd quarter worth $3,454,000. 80.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on HBAN shares. Citigroup boosted their price target on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods boosted their target price on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Truist Financial boosted their target price on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Baird R W upgraded Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Finally, StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.35.

Insider Transactions at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 38,451 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the transaction, the chief financial officer now owns 335,538 shares of the company’s stock, valued at approximately $4,825,036.44. This represents a 10.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott D. Kleinman sold 69,088 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the completion of the transaction, the vice president now directly owns 453,129 shares of the company’s stock, valued at $6,647,402.43. The trade was a 13.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Up 1.0 %

Shares of HBAN opened at $14.90 on Tuesday. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.45. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $21.77 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.33 and a beta of 1.07. The stock’s 50-day moving average price is $16.34 and its 200-day moving average price is $16.13.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results 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 return on equity of 11.23% and a net margin of 16.23%. During the same period in the prior year, the business earned $0.27 EPS. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.16%. Huntington Bancshares’s payout ratio is 50.41%.

Huntington Bancshares 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.