Blue Trust Inc. Lowers Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Blue Trust Inc. trimmed its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 44.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,682 shares of the bank’s stock after selling 9,292 shares during the period. Blue Trust Inc.’s holdings in Huntington Bancshares were worth $190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Vontobel Holding Ltd. lifted its position in shares of Huntington Bancshares by 60.1% in the 4th quarter. Vontobel Holding Ltd. now owns 34,906 shares of the bank’s stock worth $568,000 after purchasing an additional 13,105 shares during the period. Values First Advisors Inc. purchased a new stake in shares of Huntington Bancshares in the 4th quarter worth approximately $366,000. Fortress Financial Solutions LLC purchased a new stake in shares of Huntington Bancshares in the 4th quarter worth approximately $291,000. Savant Capital LLC lifted its position in shares of Huntington Bancshares by 0.6% in the 4th quarter. Savant Capital LLC now owns 203,359 shares of the bank’s stock worth $3,309,000 after purchasing an additional 1,150 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Huntington Bancshares by 2.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 131,128 shares of the bank’s stock worth $2,133,000 after purchasing an additional 3,524 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HBAN. The Goldman Sachs Group upped their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler reduced their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Keefe, Bruyette & Woods boosted their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Citigroup boosted their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.06.

Huntington Bancshares Stock Down 0.4 %

NASDAQ:HBAN opened at $16.83 on Thursday. The firm has a market capitalization of $24.45 billion, a P/E ratio of 13.68, a PEG ratio of 1.36 and a beta of 1.07. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44. The company’s fifty day moving average price is $16.72 and its 200-day moving average price is $15.92. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data 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 net margin of 16.23% and a return on equity of 11.23%. During the same period last year, the company earned $0.27 EPS. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.68%. Huntington Bancshares’s payout ratio is currently 50.41%.

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.