Carnegie Investment Counsel Raises Holdings in Huntington Bancshares Incorporated $HBAN

Carnegie Investment Counsel grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 548,099 shares of the bank’s stock after buying an additional 54,333 shares during the quarter. Carnegie Investment Counsel’s holdings in Huntington Bancshares were worth $9,510,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HBAN. Sagespring Wealth Partners LLC lifted its stake in shares of Huntington Bancshares by 2.4% during the 4th quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock worth $438,000 after purchasing an additional 587 shares during the last quarter. Parcion Private Wealth LLC lifted its stake in shares of Huntington Bancshares by 6.2% during the 3rd quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock worth $191,000 after purchasing an additional 648 shares during the last quarter. Strategic Planning Inc. lifted its stake in shares of Huntington Bancshares by 0.3% during the 3rd quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock worth $3,442,000 after purchasing an additional 670 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Huntington Bancshares by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after purchasing an additional 694 shares during the last quarter. Finally, Glenmede Investment Management LP lifted its stake in shares of Huntington Bancshares by 1.7% during the 3rd quarter. Glenmede Investment Management LP now owns 43,702 shares of the bank’s stock worth $755,000 after purchasing an additional 728 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III bought 1,127 shares of the business’s stock in a transaction on Monday, March 9th. The stock was bought at an average price of $25.39 per share, with a total value of $28,614.53. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at $101,560. The trade was a 39.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Prashant Nateri sold 10,171 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $15.50, for a total value of $157,650.50. Following the sale, the insider directly owned 83,819 shares of the company’s stock, valued at approximately $1,299,194.50. This trade represents a 10.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have acquired 27,700 shares of company stock valued at $540,401 and have sold 98,986 shares valued at $1,600,958. 0.67% of the stock is owned by insiders.

Huntington Bancshares Stock Down 1.3%

Huntington Bancshares stock opened at $16.38 on Friday. The firm has a market cap of $33.37 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.70 and a beta of 0.95. The business’s 50-day moving average price is $16.64 and its 200 day moving average price is $16.74. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a 52 week low of $12.48 and a 52 week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same quarter in the prior year, the company posted $0.34 EPS. As a group, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.8%. Huntington Bancshares’s dividend payout ratio (DPR) is 44.60%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HBAN shares. Evercore decreased their price objective on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. JPMorgan Chase & Co. decreased their price objective on Huntington Bancshares from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. National Bank Financial set a $21.00 price objective on Huntington Bancshares in a research note on Wednesday, February 4th. Piper Sandler upped their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, January 22nd. Finally, Argus upped their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.13.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.