Kentucky Retirement Systems Insurance Trust Fund Sells 13,592 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,411 shares of the bank’s stock after selling 13,592 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Huntington Bancshares were worth $479,000 at the end of the most recent reporting period.

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

Huntington Bancshares Stock Down 0.4 %

Shares of HBAN opened at $16.83 on Thursday. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. The firm has a market cap of $24.45 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.07. The firm’s 50-day simple moving average is $16.72 and its 200 day simple moving average is $15.92. 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 (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS 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 period last year, the company posted $0.27 EPS. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.68%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.41%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HBAN shares. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Piper Sandler lowered 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 note on Tuesday, January 21st. Truist Financial lifted their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Finally, Stephens reiterated an “equal weight” rating and issued a $18.50 price target on shares of Huntington Bancshares in a research note on Friday, February 7th. One equities 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.