Atria Investments Inc Purchases 19,484 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Atria Investments Inc lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.5% in the 3rd quarter, Holdings Channel reports. The fund owned 248,687 shares of the bank’s stock after acquiring an additional 19,484 shares during the quarter. Atria Investments Inc’s holdings in Huntington Bancshares were worth $3,656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in Huntington Bancshares by 28.6% in the first quarter. Empowered Funds LLC now owns 19,242 shares of the bank’s stock worth $268,000 after purchasing an additional 4,277 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Huntington Bancshares by 9.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 13,366 shares of the bank’s stock worth $186,000 after buying an additional 1,125 shares during the last quarter. Russell Investments Group Ltd. increased its position in Huntington Bancshares by 4.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,096,627 shares of the bank’s stock valued at $15,276,000 after buying an additional 41,742 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Huntington Bancshares by 3.6% during the first quarter. Bleakley Financial Group LLC now owns 53,274 shares of the bank’s stock valued at $743,000 after buying an additional 1,851 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Huntington Bancshares by 2.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 1,367,085 shares of the bank’s stock worth $19,071,000 after acquiring an additional 28,483 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HBAN. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Morgan Stanley upped their target price on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Piper Sandler increased their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Evercore ISI boosted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, DA Davidson increased their target price on Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.09.

Insider Activity at Huntington Bancshares

In other news, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the transaction, the insider now owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is owned by company insiders.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $17.54 on Thursday. The company has a 50-day moving average price of $15.26 and a 200-day moving average price of $14.27. Huntington Bancshares Incorporated has a 52 week low of $10.55 and a 52 week high of $17.97. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $25.48 billion, a P/E ratio of 16.87, a PEG ratio of 3.58 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period in the prior year, the company earned $0.36 earnings per share. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.53%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Huntington Bancshares Company 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.