Financial Counselors Inc. Trims Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Financial Counselors Inc. trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,401,685 shares of the bank’s stock after selling 29,182 shares during the period. Financial Counselors Inc. owned about 0.10% of Huntington Bancshares worth $22,805,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Empowered Funds LLC grew its position in Huntington Bancshares by 8.7% during the third quarter. Empowered Funds LLC now owns 24,266 shares of the bank’s stock valued at $357,000 after buying an additional 1,946 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Huntington Bancshares by 9.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 127,518 shares of the bank’s stock worth $1,877,000 after acquiring an additional 11,452 shares during the last quarter. Quest Partners LLC grew its position in shares of Huntington Bancshares by 1,093,900.0% during the 3rd quarter. Quest Partners LLC now owns 21,880 shares of the bank’s stock valued at $322,000 after acquiring an additional 21,878 shares during the period. Pathstone Holdings LLC increased its stake in shares of Huntington Bancshares by 5.9% in the 3rd quarter. Pathstone Holdings LLC now owns 172,716 shares of the bank’s stock worth $2,542,000 after purchasing an additional 9,692 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Huntington Bancshares by 8.3% in the 3rd quarter. Intech Investment Management LLC now owns 34,985 shares of the bank’s stock worth $514,000 after purchasing an additional 2,693 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Insider Activity

In other Huntington Bancshares news, VP Scott D. Kleinman sold 69,088 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the transaction, the vice president now owns 453,129 shares of the company’s stock, valued at $6,647,402.43. This represents a 13.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total value of $552,925.38. Following the sale, the chief financial officer now owns 335,538 shares of the company’s stock, valued at approximately $4,825,036.44. This trade represents a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HBAN. Barclays boosted their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Truist Financial upped their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Robert W. Baird upgraded shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research report on Friday, March 7th. Baird R W raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, Stephens reissued an “equal weight” rating and set a $18.50 price target on shares of Huntington Bancshares in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.18.

Huntington Bancshares Stock Down 0.2 %

Shares of NASDAQ HBAN opened at $15.32 on Wednesday. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.45. 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’s 50-day moving average price is $16.18 and its 200-day moving average price is $16.14.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period last year, the business posted $0.27 earnings per share. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

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.