Crossmark Global Holdings Inc. Has $943,000 Stock Position in Huntington Bancshares Incorporated $HBAN

Crossmark Global Holdings Inc. reduced its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 60.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 54,587 shares of the bank’s stock after selling 84,800 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Huntington Bancshares were worth $943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. MTM Investment Management LLC acquired a new stake in Huntington Bancshares in the 2nd quarter worth $25,000. Accredited Wealth Management LLC lifted its stake in shares of Huntington Bancshares by 374.5% in the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock valued at $29,000 after buying an additional 1,322 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in shares of Huntington Bancshares in the third quarter valued at about $31,000. AlphaCore Capital LLC acquired a new stake in Huntington Bancshares during the third quarter worth about $33,000. Finally, First Horizon Corp bought a new position in Huntington Bancshares during the third quarter valued at about $36,000. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Trading Down 1.2%

Shares of HBAN stock opened at $16.12 on Tuesday. The company has a market capitalization of $32.72 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.66 and a beta of 0.95. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $19.45. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $17.67 and a 200 day moving average price of $17.08.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the business posted $0.34 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on HBAN. Piper Sandler upped their price target on Huntington Bancshares from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, January 22nd. Wolfe Research restated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Wednesday, January 7th. Raymond James Financial upped their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a research note on Friday, January 23rd. Truist Financial raised their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $20.78.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 12,832 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $18.00, for a total value of $230,976.00. Following the transaction, the executive vice president owned 239,473 shares of the company’s stock, valued at approximately $4,310,514. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amit Dhingra sold 10,000 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $18.50, for a total value of $185,000.00. Following the sale, the insider owned 155,634 shares in the company, valued at $2,879,229. The trade was a 6.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have purchased 27,700 shares of company stock worth $540,401 and have sold 50,145 shares worth $929,885. 0.89% of the stock is owned by company insiders.

About Huntington Bancshares

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.