Farmers & Merchants Investments Inc. Has $28,000 Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Farmers & Merchants Investments Inc. reduced its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 88.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,700 shares of the bank’s stock after selling 13,015 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Huntington Bancshares were worth $28,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Asset Dedication LLC boosted its holdings in Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in Huntington Bancshares by 126.8% in the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,023 shares during the period. Fortitude Family Office LLC bought a new stake in Huntington Bancshares in the 3rd quarter valued at $32,000. Crews Bank & Trust acquired a new stake in Huntington Bancshares in the 4th quarter worth about $58,000. Finally, UMB Bank n.a. boosted its stake in shares of Huntington Bancshares by 19.1% in the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock valued at $67,000 after buying an additional 728 shares during the period. 80.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HBAN. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. The Goldman Sachs Group raised their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. 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 report on Tuesday, January 21st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Finally, Stephens reissued an “equal weight” rating and issued a $18.50 price target on shares of Huntington Bancshares in a research report on Friday. One equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares Stock Down 1.4 %

Huntington Bancshares stock opened at $16.92 on Monday. The business has a fifty day moving average price of $16.84 and a 200-day moving average price of $15.82. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44. The stock has a market capitalization of $24.58 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.41 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88.

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, 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 quarter last year, the business earned $0.27 EPS. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.66%. Huntington Bancshares’s payout ratio is currently 50.41%.

Insider Activity

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares 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.