Huntington Bancshares Incorporated $HBAN Position Lifted by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,633,818 shares of the bank’s stock after purchasing an additional 757,063 shares during the period. Eurizon Capital SGR S.p.A. owned approximately 0.38% of Huntington Bancshares worth $116,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in HBAN. TD Waterhouse Canada Inc. lifted its position in Huntington Bancshares by 90.7% during the third quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock worth $26,000 after buying an additional 800 shares in the last quarter. Trust Co. of Vermont acquired a new position in Huntington Bancshares during the second quarter worth $29,000. Johnson Financial Group Inc. purchased a new stake in Huntington Bancshares in the 2nd quarter valued at $31,000. Livelsberger Financial Advisory purchased a new stake in Huntington Bancshares in the 3rd quarter valued at $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in Huntington Bancshares by 80.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock valued at $35,000 after buying an additional 994 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, Director Gary Torgow acquired 12,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was purchased at an average cost of $15.73 per share, with a total value of $199,771.00. Following the transaction, the director owned 956,041 shares of the company’s stock, valued at $15,038,524.93. This trade represents a 1.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Rollins, III acquired 14,000 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average cost of $18.12 per share, with a total value of $253,680.00. Following the completion of the transaction, the director directly owned 15,500 shares in the company, valued at approximately $280,860. The trade was a 933.33% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HBAN. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, August 18th. Truist Financial lowered their price target on shares of Huntington Bancshares from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Argus dropped their price objective on shares of Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Zacks Research cut shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Finally, Wells Fargo & Company cut their price objective on shares of Huntington Bancshares from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.89.

Huntington Bancshares Trading Down 0.9%

Shares of Huntington Bancshares stock opened at $15.73 on Friday. The firm has a market capitalization of $31.78 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 1.02 and a beta of 0.97. Huntington Bancshares Incorporated has a fifty-two week low of $14.82 and a fifty-two week high of $19.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day moving average of $15.77 and a 200 day moving average of $16.61.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. Huntington Bancshares had a return on equity of 10.93% and a net margin of 16.28%. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, research analysts predict that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 18th will be issued a dividend of $0.1550 per share. The ex-dividend date is Friday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio is currently 51.24%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer and commercial banking services to individuals, businesses, and institutions. The company traces its roots to 1866, when P.W. Huntington & Company opened in Columbus. Huntington’s offerings include checking and savings accounts, credit cards, mortgages, auto loans, business lending, treasury management, wealth management, and investment services.