Hantz Financial Services Inc. Trims Stock Position in Huntington Bancshares Incorporated $HBAN

Hantz Financial Services Inc. decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 85.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 25,977 shares of the bank’s stock after selling 153,018 shares during the quarter. Hantz Financial Services Inc.’s holdings in Huntington Bancshares were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MTM Investment Management LLC bought a new stake in shares of Huntington Bancshares during the 2nd quarter valued at $25,000. Grey Fox Wealth Advisors LLC bought a new stake in Huntington Bancshares during the third quarter valued at about $31,000. Catalyst Capital Advisors LLC bought a new stake in Huntington Bancshares during the second quarter valued at about $30,000. First Horizon Corp purchased a new stake in Huntington Bancshares in the third quarter worth about $36,000. Finally, Root Financial Partners LLC purchased a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $44,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Up 1.3%

Shares of NASDAQ HBAN opened at $19.27 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $19.46. The firm’s 50-day moving average price is $17.72 and its 200-day moving average price is $16.95. The stock has a market capitalization of $30.35 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 0.78 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same period in the previous year, the firm earned $0.34 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be given a $0.155 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.2%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 44.60%.

Insider Activity at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 12,832 shares of Huntington Bancshares stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $18.00, for a total transaction of $230,976.00. Following the completion of the transaction, the executive vice president directly owned 239,473 shares of the company’s stock, valued at approximately $4,310,514. The trade was a 5.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brantley J. Standridge sold 5,830 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $19.14, for a total transaction of $111,586.20. Following the completion of the sale, the vice president directly owned 327,676 shares in the company, valued at $6,271,718.64. This trade represents a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 103,693 shares of company stock valued at $1,693,220 over the last three months. Corporate insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on HBAN shares. UBS Group set a $21.00 target price on shares of Huntington Bancshares in a research note on Wednesday. DA Davidson restated a “buy” rating and set a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, October 28th. TD Cowen upped their target price on shares of Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Truist Financial raised their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Jefferies Financial Group boosted their price objective on Huntington Bancshares from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.48.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.