Bell Bank lowered its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 14.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 503,307 shares of the bank's stock after selling 86,179 shares during the period. Bell Bank's holdings in Huntington Bancshares were worth $7,399,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. Boston Partners increased its stake in shares of Huntington Bancshares by 20.4% during the first quarter. Boston Partners now owns 56,175,987 shares of the bank's stock worth $783,215,000 after purchasing an additional 9,533,511 shares during the period. Victory Capital Management Inc. boosted its position in shares of Huntington Bancshares by 13.2% in the third quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock valued at $298,682,000 after acquiring an additional 2,363,988 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Huntington Bancshares by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank's stock valued at $208,346,000 after acquiring an additional 561,565 shares in the last quarter. Hsbc Holdings PLC increased its position in Huntington Bancshares by 9.5% during the second quarter. Hsbc Holdings PLC now owns 6,519,505 shares of the bank's stock worth $85,940,000 after acquiring an additional 566,015 shares during the period. Finally, abrdn plc boosted its holdings in Huntington Bancshares by 3.9% in the 3rd quarter. abrdn plc now owns 3,660,616 shares of the bank's stock valued at $53,976,000 after purchasing an additional 137,032 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on HBAN shares. Sandler O'Neill reissued a "buy" rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Barclays raised their price target on Huntington Bancshares from $15.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Evercore ISI upped their price objective 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. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Friday, October 18th. Finally, Bank of America upped their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have given 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 currently has a consensus rating of "Moderate Buy" and an average price target of $16.09.
Read Our Latest Report on Huntington Bancshares
Insider Buying and Selling at Huntington Bancshares
In related news, insider Helga Houston sold 6,455 shares of the company's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. This represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.89% of the company's stock.
Huntington Bancshares Trading Down 0.1 %
NASDAQ HBAN traded down $0.01 on Thursday, reaching $17.53. The company had a trading volume of 15,466,237 shares, compared to its average volume of 16,113,496. The firm has a market cap of $25.47 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 3.58 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares Incorporated has a fifty-two week low of $10.73 and a fifty-two week high of $17.97. The business has a 50 day moving average of $15.32 and a two-hundred day moving average of $14.30.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.
Huntington Bancshares Announces Dividend
The company 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 annualized dividend and a yield of 3.54%. Huntington Bancshares's payout ratio is 59.62%.
Huntington Bancshares Company Profile
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Free Report)
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.
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