Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lessened its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,111 shares of the bank’s stock after selling 2,368 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Huntington Bancshares were worth $766,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Asset Dedication LLC raised its holdings 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 purchasing an additional 1,202 shares during the period. Peoples Bank KS purchased a new position in Huntington Bancshares during the third quarter valued at $29,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Huntington Bancshares in the third quarter valued at about $31,000. Fortitude Family Office LLC purchased a new stake in shares of Huntington Bancshares during the third quarter worth about $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Huntington Bancshares during the 4th quarter worth about $73,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the transaction, the chief financial officer now owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction 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 transaction, the vice president now directly owns 496,076 shares in the company, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Price Performance

Shares of HBAN opened at $17.23 on Wednesday. The firm has a 50-day simple moving average of $16.98 and a two-hundred day simple moving average of $15.68. 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. The stock has a market cap of $25.03 billion, a PE ratio of 14.01, a P/E/G ratio of 1.39 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (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 period last year, the business earned $0.27 EPS. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Announces Dividend

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 dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

Analyst Upgrades and Downgrades

Several research firms have commented on HBAN. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. 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. Citigroup boosted their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Stephens reiterated an “equal weight” rating and issued a $18.50 price objective on shares of Huntington Bancshares in a report 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 report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.06.

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.