Huntington Bancshares Incorporated $HBAN Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 133.1% during the third quarter, HoldingsChannel reports. The fund owned 59,410 shares of the bank’s stock after purchasing an additional 33,926 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Huntington Bancshares were worth $935,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LP acquired a new position in shares of Huntington Bancshares in the 2nd quarter valued at about $21,187,000. Equitable Holdings Inc. acquired a new position in Huntington Bancshares during the 2nd quarter valued at about $1,093,000. Bank of America Corp DE purchased a new stake in Huntington Bancshares in the 2nd quarter valued at $256,772,000. Community Trust & Investment Co. bought a new position in shares of Huntington Bancshares during the third quarter valued at about $3,131,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $16,579,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Trading Down 0.5%

Shares of HBAN opened at $15.84 on Wednesday. The firm has a market cap of $32.00 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 1.02 and a beta of 0.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.91. Huntington Bancshares Incorporated has a fifty-two week low of $14.82 and a fifty-two week high of $19.45. The firm has a 50 day moving average price of $15.81 and a 200-day moving average price of $16.63.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. During the same quarter last year, the firm earned $0.41 EPS. As a group, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

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

Insider Transactions at Huntington Bancshares

In related news, Director Gary Torgow purchased 12,700 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, October 27th. The shares were acquired at an average cost of $15.73 per share, for a total transaction of $199,771.00. Following the transaction, the director directly owned 956,041 shares in the company, valued at $15,038,524.93. The trade was a 1.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $47,610.00. Following the completion of the transaction, the senior vice president directly owned 23,697 shares in the company, valued at $376,071.39. This trade represents a 11.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of Huntington Bancshares in a report on Thursday, October 8th. They set a “buy” rating and a $18.00 price objective for the company. Truist Financial cut their price objective on shares of Huntington Bancshares from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Robert W. Baird dropped their price target on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, October 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Finally, Stephens cut their price objective on Huntington Bancshares from $19.00 to $18.00 in a report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $18.89.

Huntington Bancshares 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.