DoubleLine ETF Adviser LP Sells 961 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

DoubleLine ETF Adviser LP reduced its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,019 shares of the bank’s stock after selling 961 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Huntington Bancshares were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HBAN. Commerce Bank lifted its holdings in shares of Huntington Bancshares by 1.4% in the fourth quarter. Commerce Bank now owns 71,033 shares of the bank’s stock valued at $904,000 after purchasing an additional 1,008 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Huntington Bancshares by 6.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 384,476 shares of the bank’s stock valued at $4,891,000 after acquiring an additional 23,140 shares in the last quarter. Hsbc Holdings PLC boosted its position in Huntington Bancshares by 15.9% during the 4th quarter. Hsbc Holdings PLC now owns 3,829,342 shares of the bank’s stock worth $48,729,000 after acquiring an additional 524,179 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Huntington Bancshares by 38.7% during the 4th quarter. Parallel Advisors LLC now owns 7,542 shares of the bank’s stock worth $96,000 after acquiring an additional 2,105 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Huntington Bancshares by 5.1% in the fourth quarter. TD Asset Management Inc now owns 521,823 shares of the bank’s stock valued at $6,638,000 after purchasing an additional 25,142 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HBAN has been the topic of several recent research reports. Evercore ISI lowered their price target on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Keefe, Bruyette & Woods dropped their target price on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Argus boosted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group cut their price objective on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $15.59.

Insiders Place Their Bets

In other news, VP Nancy E. Maloney sold 57,537 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total value of $871,685.55. Following the completion of the sale, the vice president now owns 69,595 shares of the company’s stock, valued at $1,054,364.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Nancy E. Maloney sold 57,537 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total value of $871,685.55. Following the completion of the sale, the vice president now directly owns 69,595 shares in the company, valued at $1,054,364.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 33,000 shares of the 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 directly owns 265,809 shares in the company, valued at approximately $4,021,690.17. The disclosure for this sale can be found here. Insiders have sold 116,622 shares of company stock worth $1,762,904 in the last 90 days. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $14.56 on Friday. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $15.24. The company has a market capitalization of $21.15 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 3.07 and a beta of 1.05. The company has a 50-day simple moving average of $14.39 and a 200 day simple moving average of $13.76. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is 55.86%.

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.