Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Holdings Decreased by Fulton Bank N.A.

Fulton Bank N.A. lessened its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 170,044 shares of the bank’s stock after selling 23,661 shares during the quarter. Fulton Bank N.A.’s holdings in Huntington Bancshares were worth $2,767,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Asset Dedication LLC raised its stake in Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after buying an additional 1,202 shares in the last quarter. Peoples Bank KS acquired a new stake in shares of Huntington Bancshares during the 3rd quarter valued at approximately $29,000. Future Financial Wealth Managment LLC bought a new position in Huntington Bancshares during the third quarter worth $31,000. Fortitude Family Office LLC acquired a new position in Huntington Bancshares in the third quarter worth $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 valued at $30,000 after purchasing an additional 2,003 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock traded down $0.07 on Wednesday, hitting $16.48. The company had a trading volume of 6,761,459 shares, compared to its average volume of 13,703,057. Huntington Bancshares Incorporated has a 52 week low of $12.02 and a 52 week high of $18.44. The company has a market cap of $23.94 billion, a PE ratio of 15.85, a PEG ratio of 3.42 and a beta of 1.07. The business has a 50-day simple moving average of $17.01 and a 200-day simple moving average of $15.28. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87.

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

Huntington Bancshares Announces Dividend

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

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, 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 completion of the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Helga Houston sold 6,455 shares of the firm’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 transaction of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,699 shares of company stock valued at $757,356. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. The Goldman Sachs Group lifted their target price on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Citigroup raised their price target on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Piper Sandler upped their price objective on Huntington Bancshares from $15.00 to $17.50 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 target price on shares of Huntington Bancshares in a research note on Monday, December 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.76.

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.