Beese Fulmer Investment Management Inc. Lowers Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Beese Fulmer Investment Management Inc. lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 221,658 shares of the bank’s stock after selling 923 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Huntington Bancshares were worth $3,606,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in Huntington Bancshares during the second quarter worth approximately $1,665,000. Czech National Bank raised its position in Huntington Bancshares by 7.1% in the third quarter. Czech National Bank now owns 295,876 shares of the bank’s stock valued at $4,349,000 after purchasing an additional 19,707 shares during the period. GAMMA Investing LLC lifted its stake in shares of Huntington Bancshares by 17.6% during the third quarter. GAMMA Investing LLC now owns 35,988 shares of the bank’s stock worth $529,000 after purchasing an additional 5,389 shares in the last quarter. Brookstone Capital Management boosted its position in shares of Huntington Bancshares by 1.6% in the third quarter. Brookstone Capital Management now owns 684,679 shares of the bank’s stock worth $10,065,000 after buying an additional 10,464 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Huntington Bancshares during the 3rd quarter valued at about $31,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $17.16 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The firm has a market capitalization of $24.93 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. The company has a 50 day simple moving average of $16.87 and a 200-day simple moving average of $15.79. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 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%. During the same quarter last year, the business earned $0.27 earnings per share. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.61%. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Analyst Ratings Changes

Several analysts have issued reports on HBAN shares. The Goldman Sachs Group increased their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler dropped their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Evercore ISI lifted their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Citigroup increased their price target on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’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 value of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.92% of the stock is owned by company 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.