Natixis Advisors LLC trimmed its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 3.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 880,217 shares of the bank’s stock after selling 33,780 shares during the period. Natixis Advisors LLC’s holdings in Huntington Bancshares were worth $15,272,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the business. Root Financial Partners LLC increased its holdings in shares of Huntington Bancshares by 47.9% during the fourth quarter. Root Financial Partners LLC now owns 3,784 shares of the bank’s stock valued at $66,000 after acquiring an additional 1,225 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new position in shares of Huntington Bancshares during the fourth quarter valued at $17,697,000. New Mexico Educational Retirement Board increased its holdings in shares of Huntington Bancshares by 2.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 67,476 shares of the bank’s stock valued at $1,171,000 after acquiring an additional 1,700 shares in the last quarter. Swisher Financial Concepts Inc. bought a new position in shares of Huntington Bancshares during the fourth quarter valued at $294,000. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Huntington Bancshares by 7.0% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 40,739 shares of the bank’s stock valued at $707,000 after acquiring an additional 2,680 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on HBAN. Morgan Stanley reduced their price target on Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Evercore reduced their price target on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Truist Financial reduced their price target on Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, The Goldman Sachs Group reduced their price target on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.05.
Huntington Bancshares Trading Down 0.1%
Huntington Bancshares stock opened at $16.52 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45. The stock has a market capitalization of $33.49 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.75 and a beta of 0.94. The business’s fifty day moving average is $16.14 and its 200 day moving average is $16.78.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the firm posted $0.34 earnings per share. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.
Huntington Bancshares Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 47.69%.
Insiders Place Their Bets
In other Huntington Bancshares news, insider Prashant Nateri sold 10,171 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $15.50, for a total value of $157,650.50. Following the transaction, the insider directly owned 83,819 shares of the company’s stock, valued at approximately $1,299,194.50. This trade represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James D. Rollins III bought 11,127 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average cost of $16.50 per share, for a total transaction of $183,595.50. Following the completion of the transaction, the director directly owned 11,127 shares of the company’s stock, valued at approximately $183,595.50. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 34,627 shares of company stock valued at $646,157. Insiders own 0.67% 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.
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