Golden State Equity Partners Has $373,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Golden State Equity Partners grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 1,280.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,924 shares of the bank's stock after buying an additional 21,263 shares during the quarter. Golden State Equity Partners' holdings in Huntington Bancshares were worth $373,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of Huntington Bancshares by 19.1% in the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock valued at $67,000 after purchasing an additional 728 shares during the period. Lantz Financial LLC increased its stake in Huntington Bancshares by 6.1% in the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank's stock valued at $224,000 after buying an additional 790 shares during the period. Dillon & Associates Inc. lifted its position in Huntington Bancshares by 5.9% in the 3rd quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank's stock worth $215,000 after buying an additional 795 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in shares of Huntington Bancshares by 7.2% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank's stock valued at $191,000 after buying an additional 795 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Huntington Bancshares by 1.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank's stock valued at $917,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,644 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares of the company's stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Scott D. Kleinman sold 28,600 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now owns 496,076 shares of the company's stock, valued at $8,765,662.92. The trade was a 5.45 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.

Huntington Bancshares Price Performance

NASDAQ HBAN traded down $0.24 on Friday, hitting $16.92. 15,234,144 shares of the company were exchanged, compared to its average volume of 19,633,740. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $16.84 and a two-hundred day moving average of $15.81. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44. The company has a market cap of $24.58 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.42 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 return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the previous year, the firm earned $0.27 earnings per share. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 annualized dividend and a dividend yield of 3.66%. Huntington Bancshares's dividend payout ratio (DPR) is currently 50.41%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Piper Sandler reduced their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Sandler O'Neill reaffirmed a "buy" rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Evercore ISI increased their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and issued a $20.00 price objective (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and an average price target 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.