Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,433,302 shares of the bank's stock after selling 81,776 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.37% of Huntington Bancshares worth $79,870,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the business's 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 sale, the vice president now owns 496,076 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Helga Houston sold 6,455 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now directly owns 558,342 shares of the company's stock, valued at approximately $8,615,217.06. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,699 shares of company stock valued at $757,356. Company insiders own 0.89% of the company's stock.

Huntington Bancshares Price Performance

Shares of HBAN traded down $0.14 during mid-day trading on Thursday, reaching $18.00. 9,001,486 shares of the company's stock were exchanged, compared to its average volume of 16,011,175. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The company has a 50-day simple moving average of $15.93 and a two-hundred day simple moving average of $14.55. Huntington Bancshares Incorporated has a 52-week low of $10.73 and a 52-week high of $18.44. The company has a market cap of $26.15 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 3.63 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm 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 previous year, the company earned $0.36 EPS. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.44%. Huntington Bancshares's payout ratio is currently 59.62%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. Sandler O'Neill restated a "buy" rating on shares of Huntington Bancshares in a research report on Friday, October 18th. DA Davidson raised their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a "buy" rating in a research report on Monday, October 21st. Barclays lifted their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.62.

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.