Crossmark Global Holdings Inc. Has $944,000 Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Crossmark Global Holdings Inc. cut its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,011 shares of the bank's stock after selling 40,260 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Huntington Bancshares were worth $944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in Huntington Bancshares by 19.1% during the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock worth $67,000 after buying an additional 728 shares during the period. Dillon & Associates Inc. increased its holdings in Huntington Bancshares by 5.9% during the 3rd quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank's stock worth $215,000 after purchasing an additional 795 shares during the period. Integrated Wealth Concepts LLC raised its position in Huntington Bancshares by 1.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank's stock valued at $917,000 after purchasing an additional 800 shares in the last quarter. Lake Street Advisors Group LLC grew its position in shares of Huntington Bancshares by 5.0% during the third quarter. Lake Street Advisors Group LLC now owns 17,783 shares of the bank's stock worth $264,000 after buying an additional 846 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of Huntington Bancshares by 1.1% during the third quarter. Metis Global Partners LLC now owns 79,427 shares of the bank's stock worth $1,168,000 after buying an additional 885 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN traded up $0.30 during trading on Friday, reaching $17.20. The company had a trading volume of 20,478,650 shares, compared to its average volume of 14,545,722. 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 stock's fifty day moving average price is $17.00 and its 200 day moving average price is $15.61. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The firm has a market capitalization of $24.99 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.39 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 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 quarter in the prior year, the company posted $0.27 earnings per share. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.60%. Huntington Bancshares's dividend payout ratio (DPR) is 50.41%.

Insiders Place Their Bets

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares of the company's stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Scott D. Kleinman sold 28,600 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares of the company's stock, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on HBAN shares. Truist Financial boosted their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday. Sandler O'Neill reaffirmed a "buy" rating on shares of Huntington Bancshares in a research report on Friday, October 18th. JPMorgan Chase & Co. restated an "overweight" rating and set a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their price target on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $18.06.

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.