Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Fort Washington Investment Advisors Inc. OH
Fort Washington Investment Advisors Inc. OH increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,551 shares of the bank’s stock after acquiring an additional 2,202 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Huntington Bancshares were worth $3,150,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. CX Institutional lifted its stake in Huntington Bancshares by 134.1% during the 3rd quarter. CX Institutional now owns 194,033 shares of the bank’s stock worth $1,779,000 after acquiring an additional 111,166 shares in the last quarter. Mackay Shields LLC raised its position in Huntington Bancshares by 3.5% in the 2nd quarter. Mackay Shields LLC now owns 165,607 shares of the bank’s stock valued at $1,497,000 after purchasing an additional 5,545 shares in the last quarter. OPSEU Pension Plan Trust Fund acquired a new stake in Huntington Bancshares in the 2nd quarter valued at about $586,000. Handelsbanken Fonder AB acquired a new stake in Huntington Bancshares in the 2nd quarter valued at about $2,257,000. Finally, Principal Financial Group Inc. raised its position in Huntington Bancshares by 3.1% in the 2nd quarter. Principal Financial Group Inc. now owns 1,573,334 shares of the bank’s stock valued at $14,215,000 after purchasing an additional 46,708 shares in the last quarter. 71.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. Wolfe Research started coverage on Huntington Bancshares in a research report on Friday, July 31st. They issued an “outperform” rating on the stock. Piper Sandler dropped their price objective on Huntington Bancshares from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th. Wedbush upgraded Huntington Bancshares from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $10.50 to $12.50 in a report on Monday, October 26th. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, November 3rd. Finally, TheStreet upgraded Huntington Bancshares from a “c+” rating to a “b” rating in a research note on Friday, October 30th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.38.
Huntington Bancshares stock opened at $11.75 on Friday. Huntington Bancshares Incorporated has a twelve month low of $6.82 and a twelve month high of $15.63. The stock has a 50 day moving average of $10.37 and a two-hundred day moving average of $9.54. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 2.88 and a beta of 1.46.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 22nd. The bank reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Huntington Bancshares had a return on equity of 7.70% and a net margin of 15.34%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.34 EPS. Equities analysts predict that Huntington Bancshares Incorporated will post 0.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 18th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, December 17th. This represents a $0.60 annualized dividend and a yield of 5.11%. Huntington Bancshares’s dividend payout ratio is presently 47.24%.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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