Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,656 shares of the bank’s stock after acquiring an additional 3,668 shares during the quarter. GAMMA Investing LLC’s holdings in Huntington Bancshares were worth $645,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HBAN. Natixis Advisors LLC increased its holdings in shares of Huntington Bancshares by 4.2% during the 2nd quarter. Natixis Advisors LLC now owns 627,034 shares of the bank’s stock valued at $8,264,000 after purchasing an additional 25,356 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Huntington Bancshares by 3.2% in the second quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock valued at $312,000 after buying an additional 744 shares in the last quarter. TD Asset Management Inc raised its position in shares of Huntington Bancshares by 3.6% in the second quarter. TD Asset Management Inc now owns 553,095 shares of the bank’s stock worth $7,290,000 after acquiring an additional 19,287 shares during the period. Arizona State Retirement System boosted its stake in shares of Huntington Bancshares by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 399,908 shares of the bank’s stock worth $5,271,000 after acquiring an additional 1,617 shares in the last quarter. Finally, Candriam S.C.A. grew its position in shares of Huntington Bancshares by 7.4% during the 2nd quarter. Candriam S.C.A. now owns 176,128 shares of the bank’s stock valued at $2,321,000 after acquiring an additional 12,086 shares during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Huntington Bancshares 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 transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares of the company’s stock, 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 have sold a total of 43,699 shares of company stock valued at $757,356 in the last quarter. Insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HBAN. Piper Sandler upped their price target on Huntington Bancshares from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Evercore ISI lifted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a research report on Monday, December 23rd. Finally, StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average target price of $17.56.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $16.45 on Friday. 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 50-day moving average price of $16.98 and a 200 day moving average price of $15.21. Huntington Bancshares Incorporated has a 12-month low of $12.02 and a 12-month high of $18.44. The stock has a market cap of $23.90 billion, a P/E ratio of 15.82, a PEG ratio of 3.42 and a beta of 1.06.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm earned $0.36 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th were given a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.77%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

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.