Stifel Financial Corp Decreases Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Stifel Financial Corp reduced its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 960,482 shares of the bank's stock after selling 164,772 shares during the period. Stifel Financial Corp owned about 0.07% of Huntington Bancshares worth $15,627,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Creative Capital Management Investments LLC increased its position in shares of Huntington Bancshares by 17,533.3% in the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock valued at $26,000 after acquiring an additional 1,578 shares during the period. Y.D. More Investments Ltd increased its position in shares of Huntington Bancshares by 126.8% in the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock valued at $30,000 after acquiring an additional 1,023 shares during the period. Midwest Capital Advisors LLC purchased a new position in shares of Huntington Bancshares in the fourth quarter valued at about $37,000. Transce3nd LLC purchased a new position in shares of Huntington Bancshares in the fourth quarter valued at about $48,000. Finally, Asset Dedication LLC increased its position in shares of Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock valued at $50,000 after acquiring an additional 1,260 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Performance

NASDAQ HBAN traded up $0.11 on Thursday, hitting $14.64. 12,114,041 shares of the company traded hands, compared to its average volume of 17,369,493. The company has a market capitalization of $21.38 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.33 and a beta of 0.89. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The business's 50 day moving average price is $14.49 and its 200-day moving average price is $15.98. Huntington Bancshares Incorporated has a 52-week low of $11.92 and a 52-week high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. Equities analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.62 annualized dividend and a yield of 4.24%. Huntington Bancshares's payout ratio is currently 47.33%.

Huntington Bancshares announced that its Board of Directors has initiated a share repurchase plan on Thursday, April 17th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the bank to buy up to 5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HBAN. Truist Financial decreased their price objective on shares of Huntington Bancshares from $21.00 to $17.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Raymond James reaffirmed a "strong-buy" rating and set a $18.00 target price (down previously from $20.00) on shares of Huntington Bancshares in a research note on Monday, April 21st. Baird R W raised shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. Barclays lifted their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and two have issued 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 $17.45.

Insiders Place Their Bets

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 38,451 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total transaction of $552,925.38. Following the completion of the transaction, the chief financial officer now owns 335,538 shares in the company, valued at $4,825,036.44. The trade was a 10.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kendall A. Kowalski sold 3,434 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $14.50, for a total value of $49,793.00. Following the completion of the sale, the insider now owns 66,847 shares of the company's stock, valued at $969,281.50. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 211,051 shares of company stock valued at $2,992,685 over the last ninety days. 0.89% of the stock is owned by insiders.

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.