Systematic Financial Management LP Buys 30,195 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Systematic Financial Management LP boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 35.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,010 shares of the bank's stock after acquiring an additional 30,195 shares during the period. Systematic Financial Management LP's holdings in Huntington Bancshares were worth $1,691,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Asset Dedication LLC increased its stake in Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock valued at $26,000 after purchasing an additional 1,202 shares in the last quarter. Peoples Bank KS bought a new stake in Huntington Bancshares during the 3rd quarter valued at about $29,000. Hazlett Burt & Watson Inc. grew its stake in shares of Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock worth $30,000 after acquiring an additional 2,003 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares in the third quarter worth approximately $31,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Huntington Bancshares in the third quarter worth approximately $32,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Price Performance

HBAN traded down $0.09 during trading hours on Friday, hitting $17.61. The company's stock had a trading volume of 11,142,674 shares, compared to its average volume of 15,866,737. The business's 50-day moving average price is $16.31 and its 200-day moving average price is $14.70. Huntington Bancshares Incorporated has a 12 month low of $11.68 and a 12 month high of $18.44. The stock has a market cap of $25.58 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 3.52 and a beta of 1.06. 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 (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results 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. 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 for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the previous year, the business posted $0.36 earnings per share. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio (DPR) is 59.62%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HBAN. The Goldman Sachs Group raised their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday. Citigroup lifted their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. StockNews.com downgraded shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a report on Wednesday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.24.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the business's stock in a transaction 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 transaction, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Helga Houston sold 6,455 shares of the business's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the transaction, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,699 shares of company stock worth $757,356 over the last quarter. Insiders own 0.89% of the company's stock.

Huntington Bancshares Company 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.