Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. reduced its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 170,044 shares of the bank’s stock after selling 23,661 shares during the period. Fulton Bank N.A.’s holdings in Huntington Bancshares were worth $2,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Dedication LLC raised its position in Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,202 shares during the period. Peoples Bank KS purchased a new stake in shares of Huntington Bancshares in the 3rd quarter valued at $29,000. Future Financial Wealth Managment LLC acquired a new position in Huntington Bancshares during the 3rd quarter worth about $31,000. Fortitude Family Office LLC acquired a new position in Huntington Bancshares in the 3rd quarter valued at about $32,000. Finally, Hazlett Burt & Watson Inc. increased its stake in Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after purchasing an additional 2,003 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. The trade was a 5.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,699 shares of company stock worth $757,356. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Trading Down 0.4 %

NASDAQ HBAN traded down $0.07 during mid-day trading on Wednesday, reaching $16.48. 6,761,459 shares of the stock were exchanged, compared to its average volume of 13,703,057. The business’s fifty day simple moving average is $17.01 and its 200 day simple moving average is $15.28. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market capitalization of $23.94 billion, a PE ratio of 15.85, a PEG ratio of 3.42 and a beta of 1.07. Huntington Bancshares Incorporated has a 1-year low of $12.02 and a 1-year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period last year, the company earned $0.36 earnings per share. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th were given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Wednesday, December 18th. Huntington Bancshares’s payout ratio is 59.62%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Sandler O’Neill restated a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. Evercore ISI boosted their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Truist Financial initiated coverage on Huntington Bancshares in a research report on Tuesday. They set a “buy” rating and a $19.00 price objective for the company. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.76.

Huntington Bancshares Company 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.