Hussman Strategic Advisors Inc. Invests $1.09 Million in Huntington Bancshares Incorporated $HBAN

Hussman Strategic Advisors Inc. purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 63,000 shares of the bank’s stock, valued at approximately $1,088,000.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HBAN shares. Evercore ISI began coverage on shares of Huntington Bancshares in a research report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 target price on the stock. Stephens upped their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, December 18th. Wall Street Zen lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Keefe, Bruyette & Woods dropped their target price on Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating for the company in a research report on Friday, January 23rd. Finally, Truist Financial raised their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.11.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 12,832 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total value of $230,976.00. Following the completion of the sale, the executive vice president owned 239,473 shares of the company’s stock, valued at approximately $4,310,514. This represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Helga Houston sold 64,587 shares of Huntington Bancshares stock in a transaction on Friday, November 21st. The stock was sold at an average price of $15.38, for a total transaction of $993,348.06. Following the transaction, the insider directly owned 534,640 shares in the company, valued at approximately $8,222,763.20. This represents a 10.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 97,863 shares of company stock worth $1,581,634 over the last ninety days. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

HBAN stock opened at $17.06 on Thursday. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.91. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The company has a market cap of $26.87 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 0.71 and a beta of 0.95. The business’s fifty day moving average is $17.39 and its 200-day moving average is $16.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data 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 return on equity of 11.98% and a net margin of 17.71%.The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the firm earned $0.34 earnings per share. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

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

Huntington Bancshares 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.