Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 88.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,700 shares of the bank’s stock after selling 13,015 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Huntington Bancshares were worth $28,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its position in 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 purchasing an additional 728 shares in the last quarter. Lantz Financial LLC raised its stake 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 buying an additional 790 shares during the period. Dillon & Associates Inc. lifted 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 valued at $215,000 after buying an additional 795 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its stake in Huntington Bancshares by 7.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock valued at $191,000 after acquiring an additional 795 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in Huntington Bancshares by 1.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock worth $917,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 1.4 %

HBAN stock opened at $16.92 on Monday. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.44. The firm has a market cap of $24.58 billion, a PE ratio of 13.76, a PEG ratio of 1.41 and a beta of 1.07. The firm’s 50 day moving average price is $16.84 and its 200-day moving average price is $15.82. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company earned $0.27 EPS. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Analyst Upgrades and Downgrades

HBAN has been the topic of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price objective (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Stephens reissued an “equal weight” rating and set a $18.50 target price on shares of Huntington Bancshares in a report on Friday. Truist Financial lifted their price target on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

Insider Buying and Selling at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

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.