G2 Capital Management LLC OH Reduces Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

G2 Capital Management LLC OH lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,970 shares of the bank’s stock after selling 2,564 shares during the quarter. G2 Capital Management LLC OH’s holdings in Huntington Bancshares were worth $341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Creative Capital Management Investments LLC raised its stake in shares of Huntington Bancshares by 17,533.3% in the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,578 shares during the period. Y.D. More Investments Ltd raised its position in Huntington Bancshares by 126.8% in the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock worth $30,000 after purchasing an additional 1,023 shares during the period. Midwest Capital Advisors LLC purchased a new stake in Huntington Bancshares in the 4th quarter worth about $37,000. Asset Dedication LLC lifted its stake in Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock worth $50,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Huntington Bancshares by 27.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock valued at $53,000 after buying an additional 702 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of research analyst reports. Stephens reissued an “equal weight” rating and set a $18.50 price target on shares of Huntington Bancshares in a research note on Friday, February 7th. The Goldman Sachs Group lifted their target price on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial upped their price target 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. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

Huntington Bancshares Stock Up 0.1 %

Shares of NASDAQ HBAN opened at $15.14 on Monday. The stock has a market capitalization of $22.01 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.44. The stock’s fifty day simple moving average is $16.55 and its two-hundred day simple moving average is $16.13.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm earned $0.27 EPS. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 annualized dividend and a dividend yield of 4.10%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

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.