Mcdonald Partners LLC Sells 812 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Mcdonald Partners LLC cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,723 shares of the bank’s stock after selling 812 shares during the period. Mcdonald Partners LLC’s holdings in Huntington Bancshares were worth $1,525,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vontobel Holding Ltd. increased its position in shares of Huntington Bancshares by 37.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 21,801 shares of the bank’s stock valued at $320,000 after purchasing an additional 5,913 shares during the last quarter. Bleakley Financial Group LLC grew its position in Huntington Bancshares by 4.4% during the third quarter. Bleakley Financial Group LLC now owns 55,831 shares of the bank’s stock valued at $821,000 after buying an additional 2,335 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Huntington Bancshares by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 238,630 shares of the bank’s stock worth $3,508,000 after buying an additional 2,559 shares during the last quarter. Claro Advisors LLC bought a new stake in Huntington Bancshares in the third quarter worth about $224,000. Finally, Aaron Wealth Advisors LLC purchased a new position in Huntington Bancshares in the third quarter valued at about $188,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HBAN shares. Barclays lifted their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Piper Sandler lowered their target price on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Citigroup increased their price target on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI boosted their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, DA Davidson upped their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares Trading Up 0.7 %

Huntington Bancshares stock opened at $16.73 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The stock has a market cap of $24.31 billion, a P/E ratio of 13.60, a PEG ratio of 1.41 and a beta of 1.07. The firm’s fifty day moving average price is $16.74 and its 200-day moving average price is $15.89.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share 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 period last year, the company posted $0.27 EPS. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 yield of 3.71%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 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.