Financial Counselors Inc. Sells 4,370 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Financial Counselors Inc. decreased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,430,867 shares of the bank’s stock after selling 4,370 shares during the quarter. Financial Counselors Inc.’s holdings in Huntington Bancshares were worth $21,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC increased its position in shares of Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after buying an additional 1,202 shares in the last quarter. Peoples Bank KS acquired a new position in Huntington Bancshares in the third quarter valued at about $29,000. Hazlett Burt & Watson Inc. raised its position in shares of Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after purchasing an additional 2,003 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $31,000. Finally, Fortitude Family Office LLC acquired a new stake in Huntington Bancshares during the 3rd quarter worth approximately $32,000. Institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In related news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was 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. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now owns 496,076 shares in the company, 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. In the last 90 days, insiders have sold 43,699 shares of company stock worth $757,356. Insiders own 0.92% of the company’s stock.

Huntington Bancshares Stock Performance

HBAN opened at $18.00 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a 12-month low of $10.73 and a 12-month high of $18.44. The business has a 50 day moving average of $15.86 and a 200-day moving average of $14.53. The stock has a market cap of $26.15 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 3.63 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $0.36 EPS. On average, equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s payout ratio is 59.62%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HBAN. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Piper Sandler increased their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, October 18th. Evercore ISI boosted their target price on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup raised their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group boosted their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.62.

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.