Bank of Montreal Can Reduces Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Bank of Montreal Can decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,346,820 shares of the bank's stock after selling 265,452 shares during the period. Bank of Montreal Can owned 0.30% of Huntington Bancshares worth $70,723,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Creative Capital Management Investments LLC grew its stake in Huntington Bancshares by 17,533.3% in the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock worth $26,000 after purchasing an additional 1,578 shares during the period. Y.D. More Investments Ltd lifted its position in 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 acquiring an additional 1,023 shares during the period. Midwest Capital Advisors LLC bought a new stake in Huntington Bancshares during the fourth quarter worth about $37,000. Asset Dedication LLC grew its holdings in Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock worth $50,000 after purchasing an additional 1,260 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of Huntington Bancshares by 27.2% in the 4th 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 currently owned by institutional investors.

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Huntington Bancshares Price Performance

NASDAQ HBAN traded up $0.21 during trading hours on Monday, reaching $13.10. The company's stock had a trading volume of 4,033,910 shares, compared to its average volume of 17,255,565. 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 1 year low of $11.92 and a 1 year high of $18.45. The firm's 50-day moving average price is $15.21 and its 200-day moving average price is $16.06. The company has a market capitalization of $19.14 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.33 and a beta of 0.89.

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, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.73%. Huntington Bancshares's dividend payout ratio (DPR) is 50.41%.

Analyst Ratings Changes

A number of research analysts have issued reports on HBAN shares. Barclays lifted their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Citigroup cut their price target on shares of Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Piper Sandler decreased their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating for the company in a report on Tuesday, January 21st. Finally, Robert W. Baird upgraded Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price on the stock in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.94.

Insider Activity

In other news, VP Brendan A. Lawlor sold 3,521 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $15.25, for a total value of $53,695.25. Following the sale, the vice president now directly owns 47,950 shares in the company, valued at $731,237.50. The trade was a 6.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Scott D. Kleinman sold 69,088 shares of Huntington Bancshares stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the completion of the transaction, the vice president now owns 453,129 shares of the company's stock, valued at approximately $6,647,402.43. This represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,781 shares of company stock worth $1,631,151. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Company 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.