Dillon & Associates Inc. Boosts Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Dillon & Associates Inc. raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,354 shares of the bank’s stock after purchasing an additional 795 shares during the quarter. Dillon & Associates Inc.’s holdings in Huntington Bancshares were worth $215,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HBAN. Victory Capital Management Inc. raised its stake in shares of Huntington Bancshares by 13.2% during the third quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank’s stock valued at $298,682,000 after acquiring an additional 2,363,988 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of Huntington Bancshares by 21.2% in the 3rd quarter. GSA Capital Partners LLP now owns 37,529 shares of the bank’s stock worth $552,000 after buying an additional 6,569 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in shares of Huntington Bancshares during the third quarter valued at approximately $232,000. Versor Investments LP raised its holdings in shares of Huntington Bancshares by 125.4% during the third quarter. Versor Investments LP now owns 76,200 shares of the bank’s stock valued at $1,120,000 after acquiring an additional 42,400 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new stake in Huntington Bancshares in the third quarter worth $402,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 6,455 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the transaction, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.92% of the company’s stock.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $17.64 on Wednesday. The firm has a market cap of $25.63 billion, a P/E ratio of 16.96, a PEG ratio of 3.60 and a beta of 1.03. Huntington Bancshares Incorporated has a twelve month low of $10.10 and a twelve month high of $17.85. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average of $15.20 and a 200 day moving average of $14.25.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. As a group, research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s payout ratio is presently 59.62%.

Wall Street Analyst Weigh In

Several research firms have recently commented on HBAN. Robert W. Baird cut shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Friday, July 26th. Argus lifted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Citigroup lifted their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Piper Sandler boosted their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.09.

About Huntington Bancshares

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.