Huntington Bancshares Incorporated $HBAN is Fieldview Capital Management LLC’s 2nd Largest Position

Fieldview Capital Management LLC lowered its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 404,597 shares of the bank’s stock after selling 74,255 shares during the period. Huntington Bancshares accounts for 1.2% of Fieldview Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Fieldview Capital Management LLC’s holdings in Huntington Bancshares were worth $7,020,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Palisade Asset Management LLC purchased a new stake in shares of Huntington Bancshares in the third quarter valued at $26,000. South Plains Financial Inc. grew its position in shares of Huntington Bancshares by 116.3% in the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock valued at $27,000 after purchasing an additional 826 shares during the period. Accredited Wealth Management LLC grew its position 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 purchasing an additional 1,322 shares during the period. AlphaCore Capital LLC purchased a new stake in shares of Huntington Bancshares in the third quarter valued at $33,000. Finally, Quest 10 Wealth Builders Inc. grew its position in shares of Huntington Bancshares by 403.1% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 2,611 shares of the bank’s stock valued at $45,000 after purchasing an additional 2,092 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HBAN shares. Royal Bank Of Canada lowered their price objective on Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Piper Sandler raised Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research report on Thursday, April 23rd. Morgan Stanley lowered their price objective on Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. Finally, Evercore reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $20.10.

Insiders Place Their Bets

In other news, Director James D. Rollins III bought 11,127 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average price of $16.50 per share, for a total transaction of $183,595.50. Following the completion of the acquisition, the director owned 11,127 shares of the company’s stock, valued at $183,595.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 33,500 shares of company stock valued at $617,542 in the last 90 days. 0.67% of the stock is currently owned by company insiders.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $17.52 on Friday. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The stock has a market capitalization of $35.52 billion, a P/E ratio of 13.48, a PEG ratio of 0.80 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73. The business’s fifty day moving average price is $16.29 and its 200 day moving average price is $16.83.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 47.69%.

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.