Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 692,000 shares of the bank’s stock after buying an additional 4,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Huntington Bancshares were worth $8,802,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of HBAN. Tyler Stone Wealth Management acquired a new position in Huntington Bancshares during the 2nd quarter valued at about $25,000. Clear Street Markets LLC boosted its stake in Huntington Bancshares by 81.6% during the 1st quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,272 shares during the period. Planned Solutions Inc. acquired a new position in Huntington Bancshares during the 4th quarter valued at about $33,000. Authentikos Wealth Advisory LLC acquired a new position in Huntington Bancshares during the 3rd quarter valued at about $35,000. Finally, Sunbelt Securities Inc. acquired a new position in Huntington Bancshares during the 1st quarter valued at about $35,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Stock Down 0.4 %

HBAN stock opened at $13.26 on Tuesday. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $14.07. The company’s 50 day simple moving average is $13.20 and its 200-day simple moving average is $12.07. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $19.23 billion, a P/E ratio of 10.69, a P/E/G ratio of 2.47 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend was Friday, March 15th. Huntington Bancshares’s payout ratio is presently 50.00%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Raymond James boosted their target price on shares of Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a research note on Tuesday, December 26th. Barclays raised shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $12.00 to $15.00 in a research note on Tuesday, January 2nd. Evercore ISI upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group upped their price target on shares of Huntington Bancshares from $12.50 to $14.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average price target of $14.97.

Insider Activity at Huntington Bancshares

In related news, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Huntington Bancshares news, insider Helga Houston sold 28,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the completion of the sale, the insider now directly owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the sale, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,241 shares of company stock valued at $1,360,359. Corporate insiders own 0.92% of the company’s stock.

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.