Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,781,283 shares of the bank's stock after selling 25,438 shares during the quarter. Alliancebernstein L.P. owned about 0.12% of Huntington Bancshares worth $28,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HBAN. Creative Capital Management Investments LLC increased its stake in Huntington Bancshares by 17,533.3% during the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock worth $26,000 after acquiring an additional 1,578 shares during the last quarter. Y.D. More Investments Ltd increased its position in shares of Huntington Bancshares by 126.8% during the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock valued at $30,000 after purchasing an additional 1,023 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Huntington Bancshares during the 4th quarter valued at approximately $37,000. Asset Dedication LLC raised its holdings in Huntington Bancshares by 70.0% during the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock valued at $50,000 after buying an additional 1,260 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Huntington Bancshares by 27.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after buying an additional 702 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HBAN. Truist Financial increased their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Morgan Stanley cut their target price on Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Piper Sandler decreased their price target on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Finally, Baird R W raised shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Huntington Bancshares has an average rating of "Moderate Buy" and an average price target of $17.94.

Huntington Bancshares Stock Performance

HBAN remained flat at $12.89 on Friday. The company's stock had a trading volume of 23,058,613 shares, compared to its average volume of 17,288,994. The stock has a market cap of $18.83 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The company has a 50-day simple moving average of $15.21 and a two-hundred day simple moving average of $16.05. Huntington Bancshares Incorporated has a 52 week low of $11.92 and a 52 week high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period in the prior year, the company posted $0.27 EPS. Analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend was Tuesday, March 18th. Huntington Bancshares's payout ratio is presently 50.41%.

Insider Activity

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 38,451 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total transaction of $552,925.38. Following the transaction, the chief financial officer now owns 335,538 shares in the company, valued at approximately $4,825,036.44. This represents a 10.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Brendan A. Lawlor sold 3,521 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the transaction, the vice president now directly owns 47,950 shares of the company's stock, valued at approximately $731,237.50. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,781 shares of company stock worth $1,631,151. Insiders own 0.89% of the company's stock.

Huntington Bancshares Profile

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.