Yousif Capital Management LLC Cuts Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Yousif Capital Management LLC lessened its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,967 shares of the bank’s stock after selling 4,025 shares during the quarter. Yousif Capital Management LLC’s holdings in Huntington Bancshares were worth $2,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HBAN. Wetzel Investment Advisors Inc. acquired a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $29,000. Planned Solutions Inc. acquired a new position in Huntington Bancshares during the fourth quarter worth $33,000. Authentikos Wealth Advisory LLC purchased a new stake in Huntington Bancshares in the 3rd quarter valued at $35,000. Baker Avenue Asset Management LP increased its stake in shares of Huntington Bancshares by 31.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after acquiring an additional 963 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Huntington Bancshares by 184.0% during the 4th quarter. Allworth Financial LP now owns 4,007 shares of the bank’s stock worth $51,000 after acquiring an additional 2,596 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

HBAN has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $16.00 in a research report on Monday, April 8th. Stephens reissued an “equal weight” rating and set a $15.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. Finally, Citigroup upped their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $15.17.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $13.57 on Tuesday. The company’s 50 day moving average is $13.38 and its two-hundred day moving average is $12.31. The firm has a market cap of $19.65 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $0.38 earnings per share. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.22 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

Insider Buying and Selling

In related news, insider Kendall A. Kowalski sold 15,948 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total value of $214,819.56. Following the completion of the transaction, the insider now owns 21,102 shares in the company, valued at $284,243.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Huntington Bancshares news, insider Kendall A. Kowalski sold 15,948 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total value of $214,819.56. Following the sale, the insider now directly owns 21,102 shares in the company, valued at $284,243.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 169,489 shares of company stock worth $2,286,999. Company insiders own 0.92% of the company’s stock.

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.