Peterson Wealth Advisors LLC Acquires 3,187 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Peterson Wealth Advisors LLC boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 26.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,187 shares of the bank’s stock after purchasing an additional 3,187 shares during the quarter. Peterson Wealth Advisors LLC’s holdings in Huntington Bancshares were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in HBAN. Arvest Bank Trust Division purchased a new position in shares of Huntington Bancshares during the third quarter worth approximately $2,381,000. Heritage Wealth Management Inc. purchased a new position in Huntington Bancshares in the 2nd quarter worth $744,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Huntington Bancshares by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock worth $12,414,000 after purchasing an additional 44,662 shares during the last quarter. Petiole USA ltd purchased a new stake in Huntington Bancshares during the third quarter valued at about $3,454,000. Finally, Franklin Resources Inc. grew its stake in shares of Huntington Bancshares by 3.2% during the third quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank’s stock valued at $27,901,000 after buying an additional 55,602 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on HBAN. JPMorgan Chase & Co. restated an “overweight” rating and set a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Truist Financial lifted their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday. DA Davidson increased their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research report on Monday, October 21st. Citigroup boosted their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Barclays increased their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average target price of $18.06.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $16.86 on Thursday. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.43 and a beta of 1.07. 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 firm’s 50-day moving average is $17.02 and its 200 day moving average is $15.55.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the previous year, the business earned $0.27 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.37 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s payout ratio is 50.41%.

Insider Transactions at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

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.