G2 Capital Management LLC OH Sells 2,564 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

G2 Capital Management LLC OH reduced its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,970 shares of the bank’s stock after selling 2,564 shares during the quarter. G2 Capital Management LLC OH’s holdings in Huntington Bancshares were worth $341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of Huntington Bancshares by 19.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 11,618 shares of the bank’s stock worth $171,000 after purchasing an additional 1,883 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Huntington Bancshares by 40.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 192,984 shares of the bank’s stock worth $2,837,000 after buying an additional 55,865 shares in the last quarter. Principal Financial Group Inc. raised its position in Huntington Bancshares by 6.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,743,357 shares of the bank’s stock worth $25,627,000 after buying an additional 112,146 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Huntington Bancshares by 3.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 78,535 shares of the bank’s stock valued at $1,154,000 after acquiring an additional 2,816 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of Huntington Bancshares by 24.0% during the 3rd quarter. Assetmark Inc. now owns 128,396 shares of the bank’s stock valued at $1,887,000 after acquiring an additional 24,879 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of research analyst reports. Citigroup increased 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. Piper Sandler lowered their price target on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Stephens reaffirmed an “equal weight” rating and issued a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group raised their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $18.24.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $15.14 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.44. The business has a 50-day moving average price of $16.55 and a 200-day moving average price of $16.13. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share 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%. During the same period in the prior year, the business posted $0.27 earnings per share. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.10%. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

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.