Swedbank AB Sells 2,099 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Swedbank AB trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 391,350 shares of the bank’s stock after selling 2,099 shares during the period. Swedbank AB’s holdings in Huntington Bancshares were worth $5,753,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in HBAN. SVB Wealth LLC raised its stake in shares of Huntington Bancshares by 26.1% during the first quarter. SVB Wealth LLC now owns 21,954 shares of the bank’s stock worth $306,000 after buying an additional 4,539 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Huntington Bancshares by 12.7% in the 1st quarter. Janus Henderson Group PLC now owns 244,633 shares of the bank’s stock valued at $3,411,000 after purchasing an additional 27,519 shares during the period. Ancora Advisors LLC boosted its position in shares of Huntington Bancshares by 3.0% in the 1st quarter. Ancora Advisors LLC now owns 70,106 shares of the bank’s stock worth $978,000 after purchasing an additional 2,033 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Huntington Bancshares by 0.5% during the first quarter. California State Teachers Retirement System now owns 2,294,465 shares of the bank’s stock worth $32,008,000 after purchasing an additional 12,256 shares during the period. Finally, Tidal Investments LLC lifted its stake in Huntington Bancshares by 5.3% in the first quarter. Tidal Investments LLC now owns 75,933 shares of the bank’s stock valued at $1,059,000 after buying an additional 3,855 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of recent analyst reports. Citigroup upped their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. DA Davidson boosted their target price on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a report on Monday, October 21st. Barclays lifted their target price on Huntington Bancshares from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. The Goldman Sachs Group boosted their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Piper Sandler raised their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average price target of $16.62.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,644 shares of the 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 completion of the transaction, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Helga Houston sold 6,455 shares of the company’s 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 transaction, the insider now directly owns 558,342 shares in the company, valued at $8,615,217.06. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,699 shares of company stock worth $757,356. 0.92% of the stock is owned by company insiders.

Huntington Bancshares Trading Down 0.8 %

Shares of HBAN stock opened at $18.00 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market capitalization of $26.15 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 3.63 and a beta of 1.03. Huntington Bancshares Incorporated has a 52-week low of $10.73 and a 52-week high of $18.44. The company has a 50-day simple moving average of $15.86 and a two-hundred day simple moving average of $14.53.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $0.36 earnings per share. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) 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.