Wolverine Asset Management LLC Has $312,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Wolverine Asset Management LLC decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 60.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,227 shares of the bank's stock after selling 31,841 shares during the period. Wolverine Asset Management LLC's holdings in Huntington Bancshares were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Dedication LLC increased 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 in the last quarter. Peoples Bank KS purchased a new position in Huntington Bancshares during the 3rd quarter valued at about $29,000. Hazlett Burt & Watson Inc. raised its position in shares of Huntington Bancshares by 695.5% during the 2nd 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 last quarter. Future Financial Wealth Managment LLC acquired a new stake in Huntington Bancshares during the third quarter worth approximately $31,000. Finally, Fortitude Family Office LLC acquired a new position in Huntington Bancshares in the third quarter valued at $32,000. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Buying and Selling

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the company's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the transaction, the insider now directly owns 558,342 shares of the company's stock, valued at $8,615,217.06. This represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.89% of the company's stock.

Huntington Bancshares Price Performance

Shares of HBAN traded down $0.01 during trading hours on Thursday, reaching $17.53. The company had a trading volume of 15,466,237 shares, compared to its average volume of 16,113,496. The firm has a 50 day simple moving average of $15.32 and a 200-day simple moving average of $14.30. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $25.47 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 3.58 and a beta of 1.03. Huntington Bancshares Incorporated has a 12-month low of $10.73 and a 12-month high of $17.97.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 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 the consensus estimate 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 business posted $0.36 EPS. Research analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors 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 yield of 3.54%. Huntington Bancshares's dividend payout ratio is currently 59.62%.

Analysts Set New Price Targets

Several analysts have issued reports on HBAN shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of Huntington Bancshares in a research report on Friday, October 18th. Baird R W cut Huntington Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 26th. Argus upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Monday, July 22nd. Piper Sandler increased their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Friday, October 18th. Finally, Citigroup raised their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company a "buy" rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of "Moderate Buy" and a consensus target price of $16.09.

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.