BNP Paribas Financial Markets Acquires 1,176,306 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

BNP Paribas Financial Markets increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 58.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,198,776 shares of the bank's stock after acquiring an additional 1,176,306 shares during the quarter. BNP Paribas Financial Markets owned about 0.22% of Huntington Bancshares worth $47,022,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HBAN. WealthShield Partners LLC grew its holdings in shares of Huntington Bancshares by 5.9% during the 2nd quarter. WealthShield Partners LLC now owns 12,237 shares of the bank's stock worth $163,000 after purchasing an additional 683 shares in the last quarter. UMB Bank n.a. grew its stake in Huntington Bancshares by 19.1% during the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock worth $67,000 after buying an additional 728 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Huntington Bancshares by 3.2% in the 2nd quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank's stock valued at $312,000 after buying an additional 744 shares during the period. Summit Financial Strategies Inc. lifted its holdings in shares of Huntington Bancshares by 2.5% during the 2nd quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank's stock worth $408,000 after acquiring an additional 762 shares during the period. Finally, TCW Group Inc. boosted its position in shares of Huntington Bancshares by 4.1% during the 2nd quarter. TCW Group Inc. now owns 20,235 shares of the bank's stock worth $267,000 after acquiring an additional 794 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on HBAN. The Goldman Sachs Group boosted their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a research report on Tuesday. StockNews.com upgraded Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. Evercore ISI lifted their target price on Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Piper Sandler increased their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Friday, October 18th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $17.00 price target on shares of Huntington Bancshares in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.62.

Insiders Place Their Bets

In other Huntington Bancshares 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 completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the transaction, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,699 shares of company stock worth $757,356. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Trading Up 0.1 %

NASDAQ:HBAN traded up $0.01 on Friday, reaching $18.01. 6,349,220 shares of the stock traded hands, compared to its average volume of 15,969,348. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a 1-year low of $11.10 and a 1-year high of $18.44. The company's 50 day moving average is $15.99 and its 200-day moving average is $14.58. The firm has a market capitalization of $26.17 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping 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 net margin of 14.19% and a return on equity of 10.72%. During the same period in the prior year, the company posted $0.36 earnings per share. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be paid 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 3.44%. Huntington Bancshares's dividend payout ratio is currently 59.62%.

Huntington Bancshares 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.