Wilmington Savings Fund Society FSB Acquires Shares of 94,511 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Wilmington Savings Fund Society FSB bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 94,511 shares of the bank's stock, valued at approximately $1,389,000.

Other institutional investors have also modified their holdings of the company. WealthShield Partners LLC lifted its stake in Huntington Bancshares by 5.9% in the 2nd 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. lifted its holdings in Huntington Bancshares by 19.1% in the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock worth $67,000 after purchasing an additional 728 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in Huntington Bancshares by 3.2% during the second quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank's stock worth $312,000 after purchasing an additional 744 shares during the period. TCW Group Inc. raised its position in shares of Huntington Bancshares by 4.1% in the second quarter. TCW Group Inc. now owns 20,235 shares of the bank's stock valued at $267,000 after purchasing an additional 794 shares during the period. Finally, Dillon & Associates Inc. lifted its stake in shares of Huntington Bancshares by 5.9% in the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank's stock worth $215,000 after buying an additional 795 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Buying and Selling

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Helga Houston sold 6,455 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the transaction, the insider now directly owns 558,342 shares in the company, valued at $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,699 shares of company stock worth $757,356 in the last ninety days. Insiders own 0.89% of the company's stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN remained flat at $17.17 during mid-day trading on Friday. 12,838,137 shares of the stock were exchanged, compared to its average volume of 15,809,455. 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 business has a fifty day simple moving average of $16.65 and a 200-day simple moving average of $14.85. Huntington Bancshares Incorporated has a 1-year low of $12.02 and a 1-year high of $18.44. 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 (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period last year, the firm earned $0.36 earnings per share. Analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm 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 $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.61%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's payout ratio is 59.62%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HBAN shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. StockNews.com raised Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday. Piper Sandler increased their target price on shares of Huntington Bancshares from $15.00 to $17.50 and gave the stock an "underweight" rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group boosted 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.41.

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.