Federated Hermes Inc. Lowers Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Federated Hermes Inc. lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,205,424 shares of the bank's stock after selling 720,748 shares during the quarter. Huntington Bancshares makes up about 0.9% of Federated Hermes Inc.'s investment portfolio, making the stock its 16th largest holding. Federated Hermes Inc. owned 1.95% of Huntington Bancshares worth $358,773,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HBAN. Daiwa Securities Group Inc. lifted its stake in shares of Huntington Bancshares by 9.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 133,748 shares of the bank's stock worth $1,702,000 after buying an additional 11,027 shares during the last quarter. Quantum Private Wealth LLC lifted its stake in shares of Huntington Bancshares by 3.5% during the 4th quarter. Quantum Private Wealth LLC now owns 29,825 shares of the bank's stock worth $379,000 after buying an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Huntington Bancshares by 352.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,093,173 shares of the bank's stock worth $13,905,000 after buying an additional 851,751 shares during the last quarter. Wealth Alliance lifted its stake in shares of Huntington Bancshares by 2.8% during the 4th quarter. Wealth Alliance now owns 66,598 shares of the bank's stock worth $847,000 after buying an additional 1,839 shares during the last quarter. Finally, SVB Wealth LLC lifted its stake in shares of Huntington Bancshares by 51.1% during the 4th quarter. SVB Wealth LLC now owns 17,415 shares of the bank's stock worth $222,000 after buying an additional 5,889 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Trading Up 0.2 %

NASDAQ:HBAN traded up $0.03 during mid-day trading on Thursday, hitting $13.18. 20,294,147 shares of the company's stock were exchanged, compared to its average volume of 17,536,277. The company has a 50 day simple moving average of $13.25 and a 200-day simple moving average of $12.11. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a fifty-two week low of $9.13 and a fifty-two week high of $14.07. The firm has a market capitalization of $19.11 billion, a P/E ratio of 10.63, a PEG ratio of 2.42 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Friday, January 19th. The bank reported $0.27 EPS for the quarter, topping the consensus estimate of $0.12 by $0.15. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the company earned $0.43 EPS. As a group, research analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were given a $0.155 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.70%. Huntington Bancshares's dividend payout ratio (DPR) is currently 50.00%.

Insider Transactions at Huntington Bancshares

In other news, insider Helga Houston sold 28,700 shares of the business's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now owns 568,222 shares in the company, valued at approximately $7,483,483.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Helga Houston sold 28,700 shares of the business's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now owns 568,222 shares in the company, valued at approximately $7,483,483.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Julie C. Tutkovics sold 15,541 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the transaction, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,241 shares of company stock worth $1,360,359. Company insiders own 0.89% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HBAN. Morgan Stanley lifted their price objective on shares of Huntington Bancshares from $13.00 to $16.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 7th. Evercore ISI lifted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. Jefferies Financial Group raised shares of Huntington Bancshares from a "hold" rating to a "buy" rating and raised their target price for the company from $14.00 to $16.00 in a report on Monday, April 8th. Bank of America raised shares of Huntington Bancshares from a "neutral" rating to a "buy" rating and raised their target price for the company from $14.00 to $16.00 in a report on Monday, April 8th. Finally, Royal Bank of Canada raised their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Huntington Bancshares has an average rating of "Moderate Buy" and an average target price of $14.97.

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.