Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Position Lifted by CX Institutional

CX Institutional increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,192 shares of the bank’s stock after purchasing an additional 1,444 shares during the quarter. CX Institutional’s holdings in Huntington Bancshares were worth $312,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HBAN. McGlone Suttner Wealth Management Inc. boosted its stake in Huntington Bancshares by 7.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock valued at $191,000 after acquiring an additional 795 shares during the period. FCG Investment Co boosted its holdings in shares of Huntington Bancshares by 7.5% during the fourth quarter. FCG Investment Co now owns 96,746 shares of the bank’s stock valued at $1,574,000 after acquiring an additional 6,729 shares during the period. Donoghue Forlines LLC acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth about $1,460,000. Peterson Wealth Advisors LLC lifted its position in Huntington Bancshares by 26.6% in the 4th quarter. Peterson Wealth Advisors LLC now owns 15,187 shares of the bank’s stock valued at $250,000 after purchasing an additional 3,187 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its stake in shares of Huntington Bancshares by 5.4% in the fourth quarter. Wesbanco Bank Inc. now owns 152,029 shares of the bank’s stock valued at $2,474,000 after purchasing an additional 7,855 shares during the period. Institutional investors own 80.72% of the company’s stock.

Insiders Place Their Bets

In other news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 of the company’s stock, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’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 transaction, the chief financial officer now owns 259,943 shares of the company’s stock, valued at approximately $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. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Up 1.8 %

HBAN opened at $17.20 on Monday. The company has a market capitalization of $24.99 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The business has a 50-day moving average of $17.00 and a 200-day moving average of $15.63.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating 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 quarter in the prior year, the company posted $0.27 EPS. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.60%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.41%.

Analyst Ratings Changes

HBAN has been the topic of several recent analyst reports. Piper Sandler cut their target price on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Stephens reiterated an “equal weight” rating and issued a $18.50 price objective on shares of Huntington Bancshares in a report on Tuesday, January 21st. Citigroup upped their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Truist Financial raised their target price on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, DA Davidson raised 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.06.

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.