Fort Washington Investment Advisors Inc. OH Sells 2,345 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Fort Washington Investment Advisors Inc. OH reduced its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,459,083 shares of the bank’s stock after selling 2,345 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.10% of Huntington Bancshares worth $23,739,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Asset Dedication LLC lifted its holdings in Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the last quarter. Peoples Bank KS acquired a new stake in shares of Huntington Bancshares during the third quarter worth $29,000. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares in the third quarter valued at about $31,000. Fortitude Family Office LLC acquired a new position in shares of Huntington Bancshares in the third quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. bought a new position in Huntington Bancshares during the fourth quarter worth about $73,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at $8,765,662.92. The trade was a 5.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 1.4 %

HBAN opened at $16.86 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The company’s 50 day moving average price is $17.02 and its two-hundred day moving average price is $15.55. The firm has a market capitalization of $24.49 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.64 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $0.27 earnings per share. As a group, research analysts predict that Huntington Bancshares Incorporated will post 1.37 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced 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 3.68%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is presently 50.41%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. restated an “overweight” rating and set a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday. Truist Financial upped their target price on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday. Citigroup raised their price target on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Stephens reaffirmed an “equal weight” rating and set a $18.50 price objective on shares of Huntington Bancshares in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average target price of $18.06.

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.