Truist Financial Corp Sells 105,610 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Truist Financial Corp cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,514,666 shares of the bank’s stock after selling 105,610 shares during the period. Truist Financial Corp’s holdings in Huntington Bancshares were worth $24,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Lantz Financial LLC boosted its position in Huntington Bancshares by 6.1% in the fourth quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock valued at $224,000 after buying an additional 790 shares in the last quarter. Dillon & Associates Inc. lifted its holdings in shares of Huntington Bancshares by 5.9% during the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock worth $215,000 after purchasing an additional 795 shares during the period. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Huntington Bancshares by 7.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock worth $191,000 after purchasing an additional 795 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Huntington Bancshares by 1.3% during the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock worth $917,000 after purchasing an additional 800 shares during the period. Finally, Strategic Blueprint LLC lifted its holdings in shares of Huntington Bancshares by 2.8% during the fourth quarter. Strategic Blueprint LLC now owns 29,140 shares of the bank’s stock worth $474,000 after purchasing an additional 804 shares during the period. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Trading Up 0.9 %

HBAN opened at $16.87 on Wednesday. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The company has a market cap of $24.51 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The company has a fifty day moving average price of $16.73 and a two-hundred day moving average price of $15.92.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly 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 period in the prior year, the company earned $0.27 earnings per share. Analysts predict that Huntington Bancshares Incorporated will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s payout ratio is presently 50.41%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HBAN shares. The Goldman Sachs Group lifted their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays lifted their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. Finally, Citigroup lifted their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One 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 company’s stock. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

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.