Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 44.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,902 shares of the bank’s stock after selling 2,354 shares during the period. Catalyst Capital Advisors LLC’s holdings in Huntington Bancshares were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Y.D. More Investments Ltd lifted its stake 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 worth $30,000 after purchasing an additional 1,023 shares in the last quarter. Fortitude Family Office LLC purchased a new position in Huntington Bancshares during the third quarter worth approximately $32,000. Asset Dedication LLC boosted its stake in Huntington Bancshares by 70.0% during the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock worth $50,000 after buying an additional 1,260 shares during the last quarter. Crews Bank & Trust purchased a new stake in Huntington Bancshares in the 4th quarter valued at $58,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth $73,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $16.87 on Wednesday. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. The firm has a 50 day moving average of $16.73 and a two-hundred day moving average of $15.92. 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 stock has a market capitalization of $24.51 billion, a PE ratio of 13.72, a P/E/G ratio of 1.41 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results 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 return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, research analysts predict that Huntington Bancshares Incorporated will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.67%. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

Analysts Set New Price Targets

HBAN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. The Goldman Sachs Group lifted their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Truist Financial raised their target price on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Evercore ISI upped their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares Company 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.