Atria Investments Inc Decreases Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Atria Investments Inc cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,360 shares of the bank's stock after selling 25,327 shares during the quarter. Atria Investments Inc's holdings in Huntington Bancshares were worth $3,634,000 at the end of the most recent quarter.

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

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Huntington Bancshares Price Performance

HBAN stock traded up $0.01 during midday trading on Friday, hitting $15.14. The company's stock had a trading volume of 25,516,420 shares, compared to its average volume of 20,992,611. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44. The company has a 50 day moving average of $16.58 and a two-hundred day moving average of $16.09. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating 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. On average, analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's payout ratio is 50.41%.

Wall Street Analyst Weigh In

HBAN has been the topic of several research reports. Robert W. Baird raised Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Friday. Piper Sandler dropped their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. Barclays upped their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. StockNews.com upgraded shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, December 12th. Finally, Stephens reissued an "equal weight" rating and set a $18.50 price objective on shares of Huntington Bancshares in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $18.24.

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.