iSAM Funds UK Ltd Has $2.51 Million Stock Position in Huntington Bancshares Incorporated $HBAN

iSAM Funds UK Ltd cut its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 27.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,455 shares of the bank’s stock after selling 54,417 shares during the period. iSAM Funds UK Ltd’s holdings in Huntington Bancshares were worth $2,512,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HBAN. MTM Investment Management LLC acquired a new position in shares of Huntington Bancshares in the second quarter valued at approximately $25,000. South Plains Financial Inc. boosted its stake in Huntington Bancshares by 116.3% in the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock valued at $27,000 after purchasing an additional 826 shares during the period. Accredited Wealth Management LLC boosted its stake in Huntington Bancshares by 374.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,322 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in Huntington Bancshares in the 3rd quarter valued at $31,000. Finally, AlphaCore Capital LLC acquired a new position in Huntington Bancshares in the 3rd quarter valued at $33,000. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In other news, insider Amit Dhingra sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $18.50, for a total value of $185,000.00. Following the completion of the transaction, the insider directly owned 155,634 shares in the company, valued at approximately $2,879,229. The trade was a 6.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James D. Rollins III purchased 6,873 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average cost of $23.27 per share, with a total value of $159,934.71. Following the acquisition, the director owned 4,000 shares in the company, valued at $93,080. This trade represents a -239.23% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 27,700 shares of company stock worth $540,401 and sold 33,285 shares worth $627,009. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $15.21 on Friday. The company has a market cap of $30.87 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.63 and a beta of 0.95. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $19.45. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a fifty day moving average price of $17.53 and a 200-day moving average price of $17.04.

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). The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same quarter in the previous year, the business posted $0.34 EPS. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 44.60%.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of research reports. Stephens lifted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, December 18th. Piper Sandler upped their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, January 22nd. Zacks Research lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Keefe, Bruyette & Woods dropped their price objective on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating for the company in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.68.

About Huntington Bancshares

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.