Chevy Chase Trust Holdings LLC Sells 16,362 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Chevy Chase Trust Holdings LLC cut its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 762,370 shares of the bank’s stock after selling 16,362 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Huntington Bancshares worth $12,404,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Lantz Financial LLC boosted its holdings in shares of Huntington Bancshares by 6.1% in the fourth quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock worth $224,000 after buying an additional 790 shares during the last quarter. Dillon & Associates Inc. boosted its holdings in shares of Huntington Bancshares by 5.9% in the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock worth $215,000 after buying an additional 795 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its stake in 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 acquiring an additional 795 shares during the period. Integrated Wealth Concepts LLC raised its stake in 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 acquiring an additional 800 shares during the period. Finally, Strategic Blueprint LLC raised its stake in Huntington Bancshares by 2.8% during the 4th quarter. Strategic Blueprint LLC now owns 29,140 shares of the bank’s stock worth $474,000 after acquiring an additional 804 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Trading Up 0.7 %

HBAN stock opened at $16.73 on Monday. The firm has a fifty day moving average price of $16.75 and a 200 day moving average price of $15.88. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a market cap of $24.31 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data 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 last year, the business earned $0.27 earnings per share. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s payout ratio is 50.41%.

Wall Street Analyst Weigh In

A number of research firms have commented on HBAN. Keefe, Bruyette & Woods raised their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. restated an “overweight” rating and set a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Piper Sandler decreased their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Barclays raised their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

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.