Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Golden State Equity Partners

Golden State Equity Partners raised its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1,280.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,924 shares of the bank’s stock after buying an additional 21,263 shares during the period. Golden State Equity Partners’ holdings in Huntington Bancshares were worth $373,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Marshall Wace LLP bought a new position in shares of Huntington Bancshares during the 2nd quarter valued at about $992,000. Sanctuary Advisors LLC acquired a new stake in shares of Huntington Bancshares during the second quarter worth approximately $1,665,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Huntington Bancshares during the second quarter worth approximately $3,295,000. Czech National Bank raised its position in Huntington Bancshares by 7.1% during the third quarter. Czech National Bank now owns 295,876 shares of the bank’s stock valued at $4,349,000 after acquiring an additional 19,707 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Huntington Bancshares by 17.6% during the third quarter. GAMMA Investing LLC now owns 35,988 shares of the bank’s stock valued at $529,000 after acquiring an additional 5,389 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of recent analyst reports. Stephens reissued an “equal weight” rating and issued a $18.50 price target on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Piper Sandler dropped their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Keefe, Bruyette & Woods lifted their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Barclays lifted their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Huntington Bancshares Stock Performance

Huntington Bancshares stock opened at $16.84 on Tuesday. The stock has a 50-day simple moving average of $16.93 and a 200 day simple moving average of $15.76. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.44. The stock has a market capitalization of $24.47 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 1.42 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the previous year, the business earned $0.27 earnings per share. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.68%. Huntington Bancshares’s dividend payout ratio is presently 50.41%.

Insiders Place Their Bets

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

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.