Allspring Global Investments Holdings LLC Sells 1,058 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 69,756 shares of the bank’s stock after selling 1,058 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Huntington Bancshares were worth $919,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in Huntington Bancshares in the first quarter valued at about $29,000. YHB Investment Advisors Inc. bought a new position in Huntington Bancshares during the 1st quarter worth approximately $30,000. Nemes Rush Group LLC grew its holdings in Huntington Bancshares by 140.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,391 shares during the period. Register Financial Advisors LLC bought a new stake in Huntington Bancshares in the first quarter valued at approximately $40,000. Finally, ORG Partners LLC raised its holdings in Huntington Bancshares by 354.9% in the second quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock worth $44,000 after purchasing an additional 2,594 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HBAN. Morgan Stanley boosted their price target on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, August 5th. UBS Group lowered their price target on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, June 13th. JPMorgan Chase & Co. cut their price objective on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada increased their target price on Huntington Bancshares from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, Bank of America lifted their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $15.59.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 5,747 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total transaction of $86,090.06. Following the completion of the sale, the insider now owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Huntington Bancshares news, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total value of $86,090.06. Following the transaction, the insider now directly owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 33,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the sale, the chief financial officer now owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The disclosure for this sale can be found here. In the last three months, insiders sold 116,622 shares of company stock worth $1,762,904. 0.89% of the stock is owned by company insiders.

Huntington Bancshares Stock Down 0.3 %

HBAN stock opened at $14.73 on Thursday. The company has a market cap of $21.39 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 3.05 and a beta of 1.06. Huntington Bancshares Incorporated has a twelve month low of $9.25 and a twelve month high of $15.24. The business has a 50 day moving average price of $14.02 and a two-hundred day moving average price of $13.61. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same period in the previous year, the company earned $0.35 earnings per share. Analysts anticipate that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s payout ratio is currently 55.86%.

Huntington Bancshares Profile

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.