Crews Bank & Trust Makes New Investment in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Crews Bank & Trust purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the fourth quarter, Holdings Channel.com reports. The fund purchased 3,550 shares of the bank’s stock, valued at approximately $58,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Dedication LLC boosted its position 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 period. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $31,000. Fortitude Family Office LLC purchased a new stake in shares of Huntington Bancshares during the 3rd quarter valued at approximately $32,000. Decker Retirement Planning Inc. bought a new position in Huntington Bancshares in the 4th quarter worth approximately $73,000. Finally, UMB Bank n.a. grew its stake in Huntington Bancshares by 19.1% in the 3rd 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 in the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In related news, VP Scott D. Kleinman sold 28,600 shares of the company’s 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on HBAN. Stephens restated an “equal weight” rating and set a $18.50 target price on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Citigroup raised their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods upped their price target on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Truist Financial upped their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.06.

Huntington Bancshares Stock Down 1.1 %

Shares of NASDAQ:HBAN opened at $17.20 on Friday. The stock’s 50-day moving average is $16.96 and its 200 day moving average is $15.74. The company has a market cap of $24.99 billion, a PE ratio of 13.98, a P/E/G ratio of 1.42 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 Incorporated has a 1 year low of $12.05 and a 1 year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating 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 in the prior year, the firm earned $0.27 earnings per share. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.60%. Huntington Bancshares’s dividend payout ratio is 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.