Kentucky Retirement Systems Insurance Trust Fund Sells 13,592 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Kentucky Retirement Systems Insurance Trust Fund lowered its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,411 shares of the bank’s stock after selling 13,592 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Huntington Bancshares were worth $479,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HBAN. Creative Capital Management Investments LLC boosted its holdings in Huntington Bancshares by 17,533.3% in the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,578 shares during the period. Y.D. More Investments Ltd lifted its holdings in shares of Huntington Bancshares by 126.8% during the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock worth $30,000 after acquiring an additional 1,023 shares during the period. Fortitude Family Office LLC bought a new stake in shares of Huntington Bancshares during the 3rd quarter worth approximately $32,000. Asset Dedication LLC lifted its holdings in shares of Huntington Bancshares by 70.0% during the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock worth $50,000 after acquiring an additional 1,260 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Huntington Bancshares by 27.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock worth $53,000 after acquiring an additional 702 shares during the period. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Down 0.4 %

Shares of NASDAQ HBAN opened at $16.83 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. 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 price of $16.72 and a two-hundred day moving average price of $15.92. The stock has a market cap of $24.45 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the company posted $0.27 earnings per share. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HBAN. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Evercore ISI upped their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Truist Financial upped their price target 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. Finally, Piper Sandler lowered their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average 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.