Crawford Investment Counsel Inc. Has $45.17 Million Position in Huntington Bancshares Incorporated $HBAN

Crawford Investment Counsel Inc. cut its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,615,300 shares of the bank’s stock after selling 45,121 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Huntington Bancshares were worth $45,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. MTM Investment Management LLC bought a new position in Huntington Bancshares in the 2nd quarter valued at approximately $25,000. South Plains Financial Inc. grew its stake in shares of Huntington Bancshares by 116.3% during the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after buying an additional 826 shares during the last quarter. Accredited Wealth Management LLC grew its stake in shares of Huntington Bancshares by 374.5% during the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock worth $29,000 after buying an additional 1,322 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Huntington Bancshares during the third quarter worth $31,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Huntington Bancshares during the third quarter worth $33,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HBAN has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price objective on Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a report on Friday, January 23rd. Raymond James Financial upped their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “strong-buy” rating in a report on Friday, January 23rd. Truist Financial dropped their target price on Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Friday. National Bank Financial set a $21.00 price target on Huntington Bancshares in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.68.

Huntington Bancshares Trading Down 1.7%

NASDAQ:HBAN opened at $15.21 on Friday. The firm’s fifty day moving average is $17.53 and its 200-day moving average is $17.03. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. Huntington Bancshares Incorporated has a 52 week low of $11.91 and a 52 week high of $19.45. The firm has a market cap of $30.87 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.61 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The firm had revenue of $1.61 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 prior year, the business earned $0.34 EPS. Equities analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.1%. Huntington Bancshares’s dividend payout ratio (DPR) is 44.60%.

Insider Transactions at Huntington Bancshares

In related news, insider Amit Dhingra sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $18.50, for a total transaction of $185,000.00. Following the completion of the sale, the insider owned 155,634 shares of the company’s stock, valued at $2,879,229. This trade represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James D. Rollins III bought 6,873 shares of the stock in a transaction on Friday, February 27th. The stock was acquired at an average price of $23.27 per share, with a total value of $159,934.71. Following the completion of the acquisition, the director owned 4,000 shares of the company’s stock, valued at $93,080. This represents a -239.23% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 27,700 shares of company stock worth $540,401 and sold 33,285 shares worth $627,009. Insiders own 0.89% of the company’s stock.

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.