DekaBank Deutsche Girozentrale Raises Position in Huntington Bancshares Incorporated $HBAN

DekaBank Deutsche Girozentrale boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 591,465 shares of the bank’s stock after buying an additional 5,219 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Huntington Bancshares were worth $9,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family Legacy Financial Solutions LLC purchased a new position in shares of Huntington Bancshares in the second quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new position in Huntington Bancshares in the 1st quarter valued at $29,000. Quarry LP lifted its holdings in Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after purchasing an additional 814 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Huntington Bancshares in the 1st quarter valued at $31,000. Finally, Golden State Wealth Management LLC lifted its holdings in Huntington Bancshares by 516.3% in the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,869 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the sale, the executive vice president directly owned 299,361 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday. Raymond James Financial reissued a “strong-buy” rating and issued a $20.00 price target (down from $21.00) on shares of Huntington Bancshares in a research note on Monday. Truist Financial raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Finally, Cowen reiterated a “buy” rating on shares of Huntington Bancshares in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.76.

Huntington Bancshares Stock Down 0.1%

Shares of NASDAQ HBAN opened at $15.86 on Friday. The firm has a market cap of $23.14 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.69 and a beta of 0.96. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The business’s 50 day moving average is $17.03 and its two-hundred day moving average is $16.16.

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

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be paid a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a 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.