Huntington Bancshares Incorporated (NASDAQ:HBAN) Holdings Lowered by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC reduced its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.1% in the fourth quarter, HoldingsChannel reports. The fund owned 407,541 shares of the bank’s stock after selling 17,305 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Huntington Bancshares were worth $6,631,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Capital Management Investments LLC lifted its position 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 raised its stake in shares of Huntington Bancshares by 126.8% in the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock worth $30,000 after buying an additional 1,023 shares in the last quarter. Fortitude Family Office LLC bought a new stake in shares of Huntington Bancshares in the 3rd quarter worth $32,000. Midwest Capital Advisors LLC acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at $37,000. Finally, Asset Dedication LLC boosted its stake in Huntington Bancshares by 70.0% during the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock valued at $50,000 after buying an additional 1,260 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Trading Down 0.8 %

Shares of NASDAQ HBAN opened at $16.02 on Tuesday. The firm has a market capitalization of $23.29 billion, a PE ratio of 13.02, a PEG ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.44. 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 business has a 50-day moving average price of $16.66 and a two-hundred day moving average price of $16.00.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate 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 previous year, the company earned $0.27 earnings per share. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

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 paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Piper Sandler cut their price target 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. Stephens reiterated an “equal weight” rating and issued a $18.50 target price on shares of Huntington Bancshares in a report on Friday, February 7th. Truist Financial raised their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group raised their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.