Huntington Bancshares Incorporated (NASDAQ:HBAN) Stake Raised by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,924 shares of the bank’s stock after acquiring an additional 5,058 shares during the quarter. D.A. Davidson & CO.’s holdings in Huntington Bancshares were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in Huntington Bancshares by 16.8% during the 3rd quarter. FMR LLC now owns 23,719,168 shares of the bank’s stock worth $348,672,000 after buying an additional 3,410,597 shares during the period. Dai ichi Life Insurance Company Ltd raised its holdings in Huntington Bancshares by 414.9% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 62,050 shares of the bank’s stock worth $912,000 after buying an additional 50,000 shares during the period. Bank of Montreal Can raised its holdings in Huntington Bancshares by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 4,612,272 shares of the bank’s stock worth $67,524,000 after buying an additional 73,676 shares during the period. Daiwa Securities Group Inc. raised its holdings in Huntington Bancshares by 25.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 199,277 shares of the bank’s stock worth $2,929,000 after buying an additional 41,056 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Huntington Bancshares by 8.4% during the 3rd quarter. Larson Financial Group LLC now owns 168,086 shares of the bank’s stock worth $2,471,000 after buying an additional 12,957 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HBAN has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday. Barclays upped their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Evercore ISI increased their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Piper Sandler increased their price target on shares of Huntington Bancshares from $15.00 to $17.50 and gave the stock an “underweight” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.24.

Huntington Bancshares Trading Down 0.2 %

NASDAQ:HBAN opened at $17.60 on Thursday. The stock’s 50 day moving average price is $16.18 and its 200 day moving average price is $14.66. Huntington Bancshares Incorporated has a 52 week low of $11.57 and a 52 week high of $18.44. The company has a market capitalization of $25.57 billion, a P/E ratio of 16.92, a P/E/G ratio of 3.55 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company posted $0.36 earnings per share. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.52%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 59.62%.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares in the company, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock worth $757,356 over the last 90 days. Insiders own 0.92% of the company’s stock.

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.