Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 99,810 shares of the bank’s stock after selling 1,374 shares during the period. Kentucky Retirement Systems’ holdings in Huntington Bancshares were worth $1,624,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Wolverine Asset Management LLC raised its holdings in Huntington Bancshares by 141.7% in the 4th quarter. Wolverine Asset Management LLC now owns 51,308 shares of the bank’s stock valued at $835,000 after acquiring an additional 30,081 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Huntington Bancshares by 6.2% in the 4th quarter. Handelsbanken Fonder AB now owns 427,845 shares of the bank’s stock valued at $6,961,000 after acquiring an additional 25,017 shares during the last quarter. Ieq Capital LLC raised its holdings in Huntington Bancshares by 57.5% in the 4th quarter. Ieq Capital LLC now owns 100,215 shares of the bank’s stock valued at $1,630,000 after acquiring an additional 36,580 shares during the last quarter. Good Life Advisors LLC acquired a new stake in shares of Huntington Bancshares during the 4th quarter worth approximately $201,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Huntington Bancshares by 14.6% during the 4th quarter. Global Retirement Partners LLC now owns 11,069 shares of the bank’s stock worth $180,000 after buying an additional 1,407 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HBAN. Truist Financial raised their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Evercore ISI raised their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Barclays raised their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, Stephens restated an “equal weight” rating and set a $18.50 price target on shares of Huntington Bancshares in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.06.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $16.15 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. The stock has a market capitalization of $23.48 billion, a PE ratio of 13.13, a P/E/G ratio of 1.33 and a beta of 1.07. The firm has a 50 day moving average of $16.68 and a two-hundred day moving average of $15.98.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $0.27 earnings per share. On average, research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS 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. Shareholders of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.84%. Huntington Bancshares’s dividend payout ratio is presently 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.