Heartland Bank & Trust Co Has $485,000 Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Heartland Bank & Trust Co cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.2% during the fourth quarter, HoldingsChannel reports. The firm owned 29,784 shares of the bank’s stock after selling 1,970 shares during the period. Heartland Bank & Trust Co’s holdings in Huntington Bancshares were worth $485,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HBAN. Asset Dedication LLC increased its position in Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after buying an additional 1,202 shares during the period. Peoples Bank KS bought a new position in Huntington Bancshares during the third quarter worth $29,000. Future Financial Wealth Managment LLC acquired a new position in Huntington Bancshares during the 3rd quarter valued at $31,000. Fortitude Family Office LLC bought a new stake in Huntington Bancshares in the 3rd quarter valued at $32,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Huntington Bancshares in the 4th quarter worth $73,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

HBAN has been the subject of several research reports. Truist Financial increased their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Piper Sandler decreased their price objective on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Citigroup lifted 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, Stephens restated an “equal weight” rating and issued a $18.50 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Insider Transactions at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares in the company, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the sale, the vice president now directly owns 496,076 shares of the company’s stock, 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. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Up 1.8 %

Shares of NASDAQ:HBAN opened at $17.20 on Monday. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44. The firm has a market cap of $24.99 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.39 and a beta of 1.07. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $17.00 and its two-hundred day moving average price is $15.63.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the company earned $0.27 earnings per share. As a group, research analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS 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 issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.60%. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

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.