Mizuho Securities USA LLC Buys 43,511 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Mizuho Securities USA LLC increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,694 shares of the bank's stock after purchasing an additional 43,511 shares during the quarter. Mizuho Securities USA LLC's holdings in Huntington Bancshares were worth $2,240,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Millstone Evans Group LLC bought a new position in Huntington Bancshares during the 4th quarter worth approximately $98,000. Berkeley Capital Partners LLC acquired a new stake in shares of Huntington Bancshares during the fourth quarter worth $462,000. Teacher Retirement System of Texas bought a new position in Huntington Bancshares during the fourth quarter worth $221,000. Royal London Asset Management Ltd. lifted its stake in shares of Huntington Bancshares by 2.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 565,131 shares of the bank's stock valued at $9,195,000 after purchasing an additional 13,019 shares during the period. Finally, Xponance Inc. grew its stake in Huntington Bancshares by 6.7% during the fourth quarter. Xponance Inc. now owns 224,611 shares of the bank's stock worth $3,654,000 after purchasing an additional 14,076 shares during the period. 80.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of research analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. Baird R W upgraded Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. The Goldman Sachs Group increased their target price on Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Robert W. Baird upgraded shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price target for the company in a research note on Friday, March 7th. Finally, Truist Financial raised their price objective on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Huntington Bancshares has a consensus rating of "Moderate Buy" and an average target price of $18.18.

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Huntington Bancshares Stock Performance

NASDAQ HBAN traded down $0.03 during trading hours on Tuesday, reaching $15.32. 17,940,982 shares of the company were exchanged, compared to its average volume of 16,360,270. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $22.38 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.45. The business's 50 day simple moving average is $16.21 and its 200-day simple moving average is $16.14.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period in the previous year, the firm posted $0.27 EPS. On average, equities research analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.05%. Huntington Bancshares's dividend payout ratio is presently 50.41%.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 38,451 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the sale, the chief financial officer now directly owns 335,538 shares of the company's stock, valued at approximately $4,825,036.44. This represents a 10.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Scott D. Kleinman sold 69,088 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the completion of the sale, the vice president now owns 453,129 shares in the company, valued at $6,647,402.43. This represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.89% of the company's stock.

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.