Natixis Advisors LLC Buys 90,195 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Natixis Advisors LLC lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 14.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 717,229 shares of the bank's stock after acquiring an additional 90,195 shares during the quarter. Natixis Advisors LLC's holdings in Huntington Bancshares were worth $10,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC lifted its holdings in Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock valued at $26,000 after buying an additional 1,202 shares during the period. Peoples Bank KS bought a new stake in shares of Huntington Bancshares during the 3rd quarter valued at about $29,000. Hazlett Burt & Watson Inc. grew its stake in Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock worth $30,000 after purchasing an additional 2,003 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Huntington Bancshares in the third quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC bought a new position in shares of Huntington Bancshares during the 3rd quarter worth approximately $32,000. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,644 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares of the company's stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the transaction, the vice president now owns 496,076 shares of the company's stock, valued at $8,765,662.92. The trade was a 5.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,699 shares of company stock valued at $757,356. 0.92% of the stock is owned by company insiders.

Huntington Bancshares Stock Down 0.4 %

Shares of NASDAQ:HBAN opened at $17.47 on Thursday. Huntington Bancshares Incorporated has a 1 year low of $10.73 and a 1 year high of $17.97. The company has a market capitalization of $25.38 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 3.53 and a beta of 1.03. The business has a fifty day moving average price of $15.58 and a two-hundred day moving average price of $14.41. 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 (NASDAQ:HBAN - Get Free Report) last posted 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. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. Analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.55%. Huntington Bancshares's payout ratio is currently 59.62%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HBAN. Barclays lifted their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Morgan Stanley upped their price objective on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Evercore ISI boosted 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. Robert W. Baird lowered Huntington Bancshares from an "outperform" rating to a "neutral" rating and set a $15.00 target price on the stock. in a research report on Friday, July 26th. Finally, Piper Sandler lifted their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company an "underweight" rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Huntington Bancshares has a consensus rating of "Moderate Buy" and a consensus target price of $16.26.

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.