Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Holdings Lessened by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 60.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,698 shares of the bank's stock after selling 146,505 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Huntington Bancshares were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. raised its stake in Huntington Bancshares by 19.1% during the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock valued at $67,000 after acquiring an additional 728 shares during the last quarter. Lantz Financial LLC raised its stake in shares of Huntington Bancshares by 6.1% during the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank's stock worth $224,000 after buying an additional 790 shares in the last quarter. Dillon & Associates Inc. raised its stake in shares of 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 buying an additional 795 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised 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 worth $191,000 after buying an additional 795 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake 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 worth $917,000 after buying an additional 800 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HBAN. Citigroup increased their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Stephens restated an "equal weight" rating and issued a $18.50 price target on shares of Huntington Bancshares in a report on Friday, February 7th. Truist Financial increased their target price on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Sandler O'Neill restated a "buy" rating on shares of Huntington Bancshares in a report on Friday, October 18th. Finally, Piper Sandler decreased their price objective on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Huntington Bancshares has a consensus rating of "Moderate Buy" and an average price target of $18.06.

Huntington Bancshares Stock Performance

HBAN stock traded down $0.27 during midday trading on Wednesday, reaching $16.59. The company had a trading volume of 14,262,396 shares, compared to its average volume of 19,353,172. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The stock has a 50 day moving average price of $16.81 and a 200 day moving average price of $15.84. 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 $24.10 billion, a PE ratio of 13.49, a P/E/G ratio of 1.41 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating 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 EPS. Analysts anticipate that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm 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 dividend of $0.155 per share. 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 3.74%. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.41%.

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.