New Hampshire Trust Purchases 1,059 Shares of Huntington Bancshares Incorporated $HBAN

New Hampshire Trust lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,111 shares of the bank’s stock after buying an additional 1,059 shares during the period. New Hampshire Trust’s holdings in Huntington Bancshares were worth $588,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC bought a new position in shares of Huntington Bancshares in the second quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Huntington Bancshares in the second quarter worth approximately $30,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Huntington Bancshares in the first quarter worth approximately $29,000. Quarry LP lifted its stake in shares of Huntington Bancshares by 73.0% in the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after buying an additional 814 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new position in Huntington Bancshares during the first quarter valued at approximately $31,000. Institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HBAN. Truist Financial increased their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Wall Street Zen downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Citigroup increased their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $20.00 price target (down from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.76.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the sale, the executive vice president directly owned 299,361 shares of the company’s stock, valued at $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Up 1.3%

HBAN opened at $16.07 on Friday. The firm’s 50 day simple moving average is $17.02 and its two-hundred day simple moving average is $16.21. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $23.44 billion, a PE ratio of 11.24, a PEG ratio of 0.70 and a beta of 0.96. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $469.00 million during the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio is 43.36%.

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.