Huntington Bancshares Incorporated $HBAN Stock: Machina Capital S.A.S. Grows Holdings

Machina Capital S.A.S. boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 32.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 258,682 shares of the bank’s stock after purchasing an additional 64,075 shares during the period. Machina Capital S.A.S.’s holdings in Huntington Bancshares were worth $3,947,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Means Investment CO. Inc. bought a new stake in shares of Huntington Bancshares in the 3rd quarter worth $165,000. Trust Co. of Vermont acquired a new stake in shares of Huntington Bancshares in the second quarter valued at $29,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Huntington Bancshares by 90.7% in the third quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock valued at $26,000 after buying an additional 800 shares during the period. Johnson Financial Group Inc. bought a new position in Huntington Bancshares during the second quarter valued at about $31,000. Finally, N.E.W. Advisory Services LLC bought a new position in Huntington Bancshares during the second quarter valued at about $35,000. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Stock Performance

HBAN opened at $15.88 on Thursday. The firm has a market cap of $32.08 billion, a PE ratio of 13.12, a P/E/G ratio of 1.02 and a beta of 0.97. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $15.79 and a 200-day simple moving average of $16.62. Huntington Bancshares Incorporated has a fifty-two week low of $14.82 and a fifty-two week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Huntington Bancshares had a return on equity of 10.93% and a net margin of 16.28%. During the same period in the previous year, the firm posted $0.41 EPS. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.54 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 18th will be paid a $0.1550 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 51.24%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HBAN. Morgan Stanley lowered Huntington Bancshares from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $21.00 to $19.00 in a report on Friday, July 24th. Citigroup cut their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, October 26th. DA Davidson reduced their price objective on shares of Huntington Bancshares from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, September 21st. TD Cowen began coverage on shares of Huntington Bancshares in a research note on Thursday, October 8th. They issued a “buy” rating and a $18.00 price objective on the stock. Finally, Weiss Ratings downgraded shares of Huntington Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.89.

Insider Buying and Selling

In other news, Director James D. Rollins III bought 14,000 shares of the firm’s stock in a transaction on Monday, October 26th. The stock was bought at an average cost of $18.12 per share, for a total transaction of $253,680.00. Following the completion of the acquisition, the director directly owned 15,500 shares in the company, valued at $280,860. This represents a 933.33% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Donnell R. White sold 3,000 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $15.87, for a total transaction of $47,610.00. Following the completion of the transaction, the senior vice president directly owned 23,697 shares in the company, valued at approximately $376,071.39. This trade represents a 11.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.67% of the stock is currently owned by company insiders.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer and commercial banking services to individuals, businesses, and institutions. The company traces its roots to 1866, when P.W. Huntington & Company opened in Columbus. Huntington’s offerings include checking and savings accounts, credit cards, mortgages, auto loans, business lending, treasury management, wealth management, and investment services.