Huntington Bancshares Incorporated (NASDAQ:HBAN) Position Trimmed by First Bank & Trust

First Bank & Trust trimmed its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 198,249 shares of the bank’s stock after selling 5,055 shares during the period. First Bank & Trust’s holdings in Huntington Bancshares were worth $3,226,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HBAN. Vontobel Holding Ltd. boosted its holdings in Huntington Bancshares by 37.2% during the third quarter. Vontobel Holding Ltd. now owns 21,801 shares of the bank’s stock worth $320,000 after buying an additional 5,913 shares in the last quarter. Blue Trust Inc. boosted its holdings in Huntington Bancshares by 77.4% during the third quarter. Blue Trust Inc. now owns 20,974 shares of the bank’s stock worth $308,000 after buying an additional 9,152 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Huntington Bancshares by 11.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 77,732 shares of the bank’s stock worth $1,143,000 after buying an additional 7,976 shares in the last quarter. Ledyard National Bank acquired a new position in Huntington Bancshares in the 3rd quarter worth approximately $159,000. Finally, Foundations Investment Advisors LLC boosted its stake in Huntington Bancshares by 18.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 27,904 shares of the bank’s stock worth $410,000 after purchasing an additional 4,257 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HBAN. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Truist Financial raised their price objective on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods raised 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, Stephens reaffirmed an “equal weight” rating and issued a $18.50 price objective on shares of Huntington Bancshares in a research note on Friday, February 7th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.06.

Huntington Bancshares Stock Down 0.4 %

Huntington Bancshares stock opened at $16.83 on Thursday. The company has a market capitalization of $24.45 billion, a P/E ratio of 13.68, a P/E/G ratio of 1.36 and a beta of 1.07. The firm’s fifty day simple moving average is $16.72 and its 200-day simple moving average is $15.92. 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 1-year low of $12.05 and a 1-year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating 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 quarter in the prior year, the company posted $0.27 EPS. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. 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 dividend payout ratio is currently 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.