BNP Paribas Financial Markets Purchases 1,176,306 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

BNP Paribas Financial Markets grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 58.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,198,776 shares of the bank’s stock after purchasing an additional 1,176,306 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.22% of Huntington Bancshares worth $47,022,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Asset Dedication LLC grew its holdings in Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after acquiring an additional 1,202 shares during the period. Peoples Bank KS bought a new stake in Huntington Bancshares in the third quarter worth approximately $29,000. Hazlett Burt & Watson Inc. lifted its stake in Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after buying an additional 2,003 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Huntington Bancshares during the 3rd quarter worth approximately $31,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Huntington Bancshares during the 3rd quarter worth approximately $32,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. This trade represents a 5.45 % 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, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 in the company, valued at approximately $4,582,795.09. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,699 shares of company stock valued at $757,356. 0.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on HBAN. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Citigroup raised their target price on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Huntington Bancshares in a research note on Friday, October 18th. DA Davidson raised their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Piper Sandler upped their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.62.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $18.00 on Friday. The business’s fifty day simple moving average is $15.93 and its 200 day simple moving average is $14.55. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a 12 month low of $10.73 and a 12 month high of $18.44. The firm has a market capitalization of $26.15 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 3.63 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share 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 company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm earned $0.36 EPS. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.44%. Huntington Bancshares’s payout ratio is currently 59.62%.

Huntington Bancshares Company 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.