Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Holdings Cut by AdvisorNet Financial Inc

AdvisorNet Financial Inc reduced its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 48.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,466 shares of the bank’s stock after selling 2,344 shares during the quarter. AdvisorNet Financial Inc’s holdings in Huntington Bancshares were worth $40,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Huntington Bancshares by 19.1% during the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock worth $67,000 after acquiring an additional 728 shares in the last quarter. Dillon & Associates Inc. boosted its stake in shares of Huntington Bancshares by 5.9% during the 3rd quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock worth $215,000 after acquiring an additional 795 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Huntington Bancshares by 1.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock worth $917,000 after acquiring an additional 800 shares in the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Huntington Bancshares by 5.0% during the 3rd quarter. Lake Street Advisors Group LLC now owns 17,783 shares of the bank’s stock worth $264,000 after acquiring an additional 846 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in shares of Huntington Bancshares by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 79,427 shares of the bank’s stock worth $1,168,000 after acquiring an additional 885 shares in the last quarter. 80.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HBAN shares. Citigroup raised their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a report on Monday, December 23rd. Piper Sandler increased their price objective on Huntington Bancshares from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. DA Davidson raised their target price on Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods raised their target price on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.76.

Huntington Bancshares Trading Up 1.0 %

Huntington Bancshares stock opened at $17.01 on Friday. Huntington Bancshares Incorporated has a 52 week low of $12.02 and a 52 week high of $18.44. The firm has a market capitalization of $24.71 billion, a PE ratio of 16.36, a PEG ratio of 2.51 and a beta of 1.07. The business’s 50-day simple moving average is $17.06 and its 200-day simple moving average is $15.47. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same quarter in the prior year, the firm earned $0.27 EPS. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.64%. Huntington Bancshares’s payout ratio is 59.62%.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. The trade was a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the business’s 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 transaction, the vice president now directly owns 496,076 shares in the company, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,699 shares of company stock valued at $757,356. 0.92% of the stock is currently owned by corporate insiders.

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.