Thurston Springer Miller Herd & Titak Inc. Sells 24,739 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Thurston Springer Miller Herd & Titak Inc. lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 86.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,943 shares of the bank's stock after selling 24,739 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Huntington Bancshares were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Asset Dedication LLC lifted its holdings in shares of Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock worth $26,000 after acquiring an additional 1,202 shares during the period. Peoples Bank KS bought a new stake in Huntington Bancshares during the third quarter worth $29,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Huntington Bancshares in the 3rd quarter valued at $31,000. Fortitude Family Office LLC bought a new position in shares of Huntington Bancshares in the 3rd quarter valued at $32,000. Finally, UMB Bank n.a. raised its holdings in shares of Huntington Bancshares by 19.1% during the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock worth $67,000 after buying an additional 728 shares in the last quarter. Institutional investors own 80.72% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Barclays lifted their price target 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. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Piper Sandler boosted their target price on shares of Huntington Bancshares from $15.00 to $17.50 and gave the stock an "underweight" rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $20.00 price target on shares of Huntington Bancshares in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.76.

Insider Buying and Selling

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares of the company's stock, valued at approximately $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,699 shares of company stock worth $757,356. Corporate insiders own 0.92% of the company's stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN traded up $0.17 during trading on Friday, reaching $17.01. 31,298,513 shares of the stock traded hands, compared to its average volume of 13,238,144. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a market capitalization of $24.71 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. Huntington Bancshares Incorporated has a 52-week low of $12.02 and a 52-week high of $18.44. The company has a 50-day moving average of $17.06 and a 200-day moving average of $15.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its 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 14.19% and a return on equity of 10.72%. During the same quarter in the previous year, the business posted $0.27 EPS. Analysts forecast that Huntington Bancshares Incorporated will post 1.22 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 3.64%. Huntington Bancshares's dividend payout ratio is presently 59.62%.

About Huntington Bancshares

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.