Point72 Asia Singapore Pte. Ltd. Purchases Shares of 6,167 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, Holdings Channel reports. The fund acquired 6,167 shares of the bank’s stock, valued at approximately $81,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HBAN. Campbell & CO Investment Adviser LLC purchased a new stake in Huntington Bancshares in the 4th quarter valued at about $468,000. NEOS Investment Management LLC raised its stake in Huntington Bancshares by 31.2% during the fourth quarter. NEOS Investment Management LLC now owns 20,547 shares of the bank’s stock worth $261,000 after purchasing an additional 4,887 shares during the period. Peapack Gladstone Financial Corp boosted its holdings in shares of Huntington Bancshares by 23.7% in the 4th quarter. Peapack Gladstone Financial Corp now owns 14,377 shares of the bank’s stock valued at $183,000 after purchasing an additional 2,758 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Huntington Bancshares during the 4th quarter valued at $168,000. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Huntington Bancshares by 2.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 1,030,291 shares of the bank’s stock worth $13,105,000 after buying an additional 24,802 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 33,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief financial officer now owns 265,809 shares in the company, valued at $4,021,690.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, 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 transaction of $499,290.00. Following the sale, the chief financial officer now owns 265,809 shares of the company’s stock, valued at $4,021,690.17. The trade was a 0.00 % 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. Also, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares in the company, valued at $167,331.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,622 shares of company stock valued at $1,762,904. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 3.2 %

HBAN opened at $14.62 on Friday. Huntington Bancshares Incorporated has a 12-month low of $9.25 and a 12-month high of $15.24. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market capitalization of $21.19 billion, a PE ratio of 13.17, a P/E/G ratio of 3.07 and a beta of 1.04. The firm’s fifty day moving average price is $14.33 and its 200 day moving average price is $13.80.

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

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th were issued a $0.155 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.24%. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HBAN. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Evercore ISI reduced their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday. Baird R W downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Bank of America raised their target price 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. Finally, Piper Sandler increased their price target on Huntington Bancshares from $11.50 to $13.50 and gave the company an “underweight” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.71.

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.