Benjamin Edwards Inc. Decreases Position in Huntington Bancshares Incorporated $HBAN

Benjamin Edwards Inc. lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 59.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,648 shares of the bank’s stock after selling 43,499 shares during the quarter. Benjamin Edwards Inc.’s holdings in Huntington Bancshares were worth $514,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Strs Ohio increased its stake in Huntington Bancshares by 8.9% in the 4th quarter. Strs Ohio now owns 1,505,092 shares of the bank’s stock worth $26,113,000 after purchasing an additional 123,510 shares during the period. Ashton Thomas Securities LLC purchased a new position in Huntington Bancshares in the 4th quarter worth approximately $210,000. Danske Bank A S increased its stake in Huntington Bancshares by 8.5% in the 4th quarter. Danske Bank A S now owns 1,431,055 shares of the bank’s stock worth $24,829,000 after purchasing an additional 111,949 shares during the period. Salzhauer Michael increased its stake in Huntington Bancshares by 509.9% in the 4th quarter. Salzhauer Michael now owns 116,107 shares of the bank’s stock worth $2,014,000 after purchasing an additional 97,070 shares during the period. Finally, New York State Teachers Retirement System increased its stake in Huntington Bancshares by 12.6% in the 4th quarter. New York State Teachers Retirement System now owns 1,228,700 shares of the bank’s stock worth $21,318,000 after purchasing an additional 137,616 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HBAN has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Huntington Bancshares from $19.00 to $18.50 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. DA Davidson decreased their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Wolfe Research decreased their price objective on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Royal Bank Of Canada decreased their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Finally, Piper Sandler raised Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.05.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $16.12 on Friday. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. The company’s 50-day moving average is $16.17 and its 200 day moving average is $16.75. The stock has a market capitalization of $32.68 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.74 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.21. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio is presently 47.69%.

Insider Buying and Selling

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 17,455 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $18.93, for a total value of $330,423.15. Following the sale, the vice president owned 42,398 shares in the company, valued at approximately $802,594.14. This represents a 29.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Prashant Nateri sold 10,171 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $15.50, for a total transaction of $157,650.50. Following the completion of the sale, the insider owned 83,819 shares in the company, valued at approximately $1,299,194.50. This trade represents a 10.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 39,200 shares of company stock valued at $756,724 and sold 93,156 shares valued at $1,489,372. Company insiders own 0.67% of the company’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.