Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by JB Capital LLC

JB Capital LLC raised its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 195,909 shares of the bank’s stock after purchasing an additional 5,164 shares during the period. JB Capital LLC’s holdings in Huntington Bancshares were worth $3,187,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC increased its position 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 in the last quarter. Future Financial Wealth Managment LLC bought a new position in Huntington Bancshares during the 3rd quarter valued at $31,000. Fortitude Family Office LLC acquired a new position in Huntington Bancshares in the third quarter worth about $32,000. Crews Bank & Trust bought a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $58,000. Finally, Decker Retirement Planning Inc. bought a new stake in Huntington Bancshares during the fourth quarter valued at $73,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the sale, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The shares were 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 in the company, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $17.20 on Monday. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.44. The stock has a market capitalization of $24.99 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.42 and a beta of 1.07. The firm’s 50 day moving average is $16.96 and its 200-day moving average is $15.75. 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 (NASDAQ:HBAN) last posted its quarterly earnings results 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 in the previous year, the company earned $0.27 EPS. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.60%. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

Analysts Set New Price Targets

Several equities analysts have recently commented on HBAN shares. Keefe, Bruyette & Woods upped their target price on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. The Goldman Sachs Group upped their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler cut their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.