Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. trimmed its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,840 shares of the bank’s stock after selling 3,155 shares during the period. FDx Advisors Inc.’s holdings in Huntington Bancshares were worth $176,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Venturi Wealth Management LLC raised its stake in Huntington Bancshares by 27.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock worth $53,000 after acquiring an additional 702 shares during the period. Lantz Financial LLC raised its position in shares of Huntington Bancshares by 6.1% during the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock worth $224,000 after purchasing an additional 790 shares during the period. Dillon & Associates Inc. raised its position in shares of Huntington Bancshares by 5.9% during the 3rd quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock worth $215,000 after purchasing an additional 795 shares during the period. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Huntington Bancshares by 7.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock worth $191,000 after purchasing an additional 795 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in Huntington Bancshares by 1.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock valued at $917,000 after purchasing an additional 800 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Price Performance

HBAN stock opened at $16.15 on Friday. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.44. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $23.48 billion, a PE ratio of 13.13, a P/E/G ratio of 1.36 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 $15.95.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) 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 business earned $0.27 earnings per share. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.84%. Huntington Bancshares’s payout ratio is 50.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HBAN. Evercore ISI upped their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial raised their price target on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Piper Sandler decreased their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Citigroup boosted their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group increased their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares 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.