Crawford Investment Counsel Inc. Has $45.17 Million Stake in Huntington Bancshares Incorporated $HBAN

Crawford Investment Counsel Inc. lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,615,300 shares of the bank’s stock after selling 45,121 shares during the period. Crawford Investment Counsel Inc. owned 0.18% of Huntington Bancshares worth $45,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HBAN. Altrius Capital Management Inc bought a new position in Huntington Bancshares during the 3rd quarter worth $4,894,000. FineMark National Bank & Trust boosted its position in shares of Huntington Bancshares by 59.2% in the second quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock valued at $2,935,000 after acquiring an additional 65,144 shares during the period. Vanguard Group Inc. grew its stake in shares of Huntington Bancshares by 0.4% in the third quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank’s stock valued at $3,056,459,000 after acquiring an additional 680,601 shares in the last quarter. Midwest Trust Co grew its stake in shares of Huntington Bancshares by 12.7% in the third quarter. Midwest Trust Co now owns 1,510,977 shares of the bank’s stock valued at $26,095,000 after acquiring an additional 170,240 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Huntington Bancshares during the third quarter worth about $3,746,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Price Performance

HBAN stock opened at $15.21 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $19.45. The firm has a market cap of $30.87 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.61 and a beta of 0.95. The company’s 50-day moving average price is $17.53 and its two-hundred day moving average price is $17.03.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $2.21 billion. Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s payout ratio is currently 44.60%.

Analysts Set New Price Targets

Several analysts have weighed in on HBAN shares. Stephens lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 18th. Piper Sandler raised their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, January 22nd. Wolfe Research reiterated an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Wednesday, January 7th. Morgan Stanley boosted their price target on Huntington Bancshares from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Finally, Barclays increased their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. 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 stock. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average target price of $20.68.

Insider Activity

In other Huntington Bancshares news, Director Gary Torgow purchased 14,200 shares of the stock in a transaction dated Thursday, February 19th. The stock was bought at an average price of $17.81 per share, with a total value of $252,902.00. Following the acquisition, the director owned 943,341 shares of the company’s stock, valued at approximately $16,800,903.21. This represents a 1.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Brendan A. Lawlor sold 17,455 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $18.93, for a total value of $330,423.15. Following the sale, the vice president owned 42,398 shares of the company’s stock, valued at approximately $802,594.14. This represents a 29.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders purchased 27,700 shares of company stock valued at $540,401 and sold 33,285 shares valued at $627,009. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Profile

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.