Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 286.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 474,752 shares of the bank's stock after buying an additional 351,850 shares during the quarter. Sanctuary Advisors LLC's holdings in Huntington Bancshares were worth $6,979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthShield Partners LLC raised its stake in Huntington Bancshares by 5.9% during the second quarter. WealthShield Partners LLC now owns 12,237 shares of the bank's stock worth $163,000 after acquiring an additional 683 shares in the last quarter. UMB Bank n.a. increased its stake in Huntington Bancshares by 19.1% in the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock valued at $67,000 after acquiring an additional 728 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Huntington Bancshares by 3.2% in the second 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. TCW Group Inc. grew its holdings in 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 during the period. Finally, Dillon & Associates Inc. increased its holdings in shares of Huntington Bancshares by 5.9% during the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank's stock valued at $215,000 after acquiring an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction on Wednesday, October 23rd. The stock was 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 of the company's stock, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The shares were 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. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,699 shares of company stock valued at $757,356 over the last quarter. 0.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HBAN has been the subject of several analyst reports. Sandler O'Neill restated a "buy" rating on shares of Huntington Bancshares in a research note on Friday, October 18th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Piper Sandler raised their target price on shares of Huntington Bancshares from $15.00 to $17.50 and gave the company an "underweight" rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group increased their price target on Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, DA Davidson upped their price target on Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.41.

Huntington Bancshares Stock Performance

Shares of HBAN stock remained flat at $17.17 on Friday. The stock had a trading volume of 12,838,137 shares, compared to its average volume of 15,809,455. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market cap of $24.94 billion, a PE ratio of 16.51, a P/E/G ratio of 3.47 and a beta of 1.06. Huntington Bancshares Incorporated has a 52-week low of $12.02 and a 52-week high of $18.44. The stock's 50-day simple moving average is $16.65 and its 200 day simple moving average is $14.85.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its 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 return on equity of 10.72% and a net margin of 14.19%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $0.36 EPS. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio (DPR) is presently 59.62%.

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.