Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Lynch & Associates IN

Lynch & Associates IN trimmed its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 17.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,250 shares of the bank’s stock after selling 3,500 shares during the quarter. Lynch & Associates IN’s holdings in Huntington Bancshares were worth $264,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. grew its position in shares of Huntington Bancshares by 19.1% during the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock worth $67,000 after buying an additional 728 shares in the last quarter. Dillon & Associates Inc. increased its position in shares of Huntington Bancshares by 5.9% in the 3rd quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock valued at $215,000 after purchasing an additional 795 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Huntington Bancshares by 1.3% in 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 in the last quarter. Lake Street Advisors Group LLC lifted its position in shares of Huntington Bancshares by 5.0% during the 3rd quarter. Lake Street Advisors Group LLC now owns 17,783 shares of the bank’s stock worth $264,000 after purchasing an additional 846 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in shares of Huntington Bancshares by 1.1% during the third quarter. Metis Global Partners LLC now owns 79,427 shares of the bank’s stock worth $1,168,000 after purchasing an additional 885 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ:HBAN traded down $0.41 during midday trading on Friday, reaching $16.02. The stock had a trading volume of 16,406,382 shares, compared to its average volume of 15,721,612. Huntington Bancshares Incorporated has a 12-month low of $12.02 and a 12-month high of $18.44. The stock has a market cap of $23.27 billion, a P/E ratio of 15.40, a P/E/G ratio of 3.42 and a beta of 1.07. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $17.04 and a two-hundred day simple moving average of $15.30.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the company posted $0.36 earnings per share. On average, equities analysts expect that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend was Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Insiders Place Their Bets

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,699 shares of company stock worth $757,356. 0.89% of the stock is owned by company insiders.

Analyst Ratings Changes

HBAN has been the subject of a number of recent analyst reports. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Truist Financial began coverage on Huntington Bancshares in a research note on Tuesday. They set a “buy” rating and a $19.00 target price for the company. JPMorgan Chase & Co. reissued an “overweight” rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. DA Davidson upped their target price on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Evercore ISI lifted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.76.

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.