6,167 Shares in Huntington Bancshares Incorporated (NASDAQ:HBAN) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,167 shares of the bank’s stock, valued at approximately $81,000.

Several other large investors also recently added to or reduced their stakes in the business. WealthShield Partners LLC lifted its stake in shares of Huntington Bancshares by 5.9% in the 2nd quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock valued at $163,000 after purchasing an additional 683 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of Huntington Bancshares by 3.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock worth $312,000 after acquiring an additional 744 shares in the last quarter. Summit Financial Strategies Inc. increased its holdings in shares of Huntington Bancshares by 2.5% during the 2nd quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank’s stock valued at $408,000 after acquiring an additional 762 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Huntington Bancshares by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock valued at $2,192,000 after acquiring an additional 780 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Huntington Bancshares by 1.3% in the 1st quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock valued at $880,000 after acquiring an additional 794 shares in the last quarter. 80.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 33,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the sale, the chief financial officer now directly owns 265,809 shares of the company’s stock, valued at $4,021,690.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Zachary Jacob Wasserman sold 33,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the transaction, the chief financial officer now directly owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nancy E. Maloney sold 57,537 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total value of $871,685.55. Following the sale, the vice president now directly owns 69,595 shares of the company’s stock, valued at $1,054,364.25. The disclosure for this sale can be found here. Insiders sold 116,622 shares of company stock worth $1,762,904 in the last quarter. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $14.64 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $14.39 and a 200 day moving average price of $13.78. The firm has a market capitalization of $21.22 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 3.07 and a beta of 1.05. Huntington Bancshares Incorporated has a 12-month low of $9.25 and a 12-month high of $15.24.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $0.35 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s payout ratio is 55.86%.

Wall Street Analyst Weigh In

Several equities analysts have commented on HBAN shares. Piper Sandler increased their price target on Huntington Bancshares from $11.50 to $13.50 and gave the company an “underweight” rating in a report on Monday, July 22nd. Bank of America boosted their target price on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group decreased their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. UBS Group dropped their price objective on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, June 13th. Finally, Citigroup increased their target price on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $15.59.

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.