Huntington Bancshares Incorporated $HBAN Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 81.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 137,201 shares of the bank’s stock after acquiring an additional 61,725 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Huntington Bancshares were worth $2,369,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. MTM Investment Management LLC acquired a new position in Huntington Bancshares during the 2nd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Huntington Bancshares in the second quarter valued at $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Huntington Bancshares during the third quarter worth $31,000. First Horizon Corp purchased a new stake in Huntington Bancshares during the third quarter valued at about $36,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Huntington Bancshares in the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity

In other Huntington Bancshares news, insider Amit Dhingra sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $18.50, for a total transaction of $185,000.00. Following the transaction, the insider owned 155,634 shares in the company, valued at $2,879,229. This trade represents a 6.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kendall A. Kowalski sold 2,481 shares of Huntington Bancshares stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $17.80, for a total transaction of $44,161.80. Following the completion of the transaction, the insider directly owned 71,566 shares in the company, valued at $1,273,874.80. This trade represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 97,863 shares of company stock worth $1,581,634. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Down 1.3%

Shares of NASDAQ HBAN traded down $0.23 during mid-day trading on Wednesday, reaching $17.20. 1,267,963 shares of the company’s stock were exchanged, compared to its average volume of 30,868,264. The firm has a market capitalization of $27.09 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.70 and a beta of 0.95. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.91. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $17.36 and a 200 day simple moving average of $16.87.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, equities analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio is presently 44.60%.

Analyst Ratings Changes

HBAN has been the topic of several research analyst reports. Raymond James Financial boosted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a report on Friday, January 23rd. Truist Financial lifted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Monday. Wolfe Research reissued an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods decreased their target price on Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a research report on Friday, January 23rd. Finally, Evercore ISI began coverage on shares of Huntington Bancshares in a report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.11.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.