DekaBank Deutsche Girozentrale Increases Stake in Huntington Bancshares Incorporated $HBAN

DekaBank Deutsche Girozentrale increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 591,465 shares of the bank’s stock after buying an additional 5,219 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Huntington Bancshares were worth $9,827,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HBAN. GAMMA Investing LLC increased its position in Huntington Bancshares by 6.4% during the 1st quarter. GAMMA Investing LLC now owns 42,196 shares of the bank’s stock valued at $633,000 after purchasing an additional 2,540 shares during the period. Asset Management One Co. Ltd. increased its holdings in Huntington Bancshares by 6.7% during the first quarter. Asset Management One Co. Ltd. now owns 596,085 shares of the bank’s stock valued at $8,947,000 after buying an additional 37,399 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Huntington Bancshares by 11.0% in the 1st quarter. International Assets Investment Management LLC now owns 11,509 shares of the bank’s stock valued at $173,000 after acquiring an additional 1,145 shares during the period. Golden State Wealth Management LLC grew its stake in Huntington Bancshares by 516.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock worth $33,000 after buying an additional 1,869 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in Huntington Bancshares by 24.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 25,182 shares of the bank’s stock worth $378,000 after buying an additional 4,878 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Down 0.1%

HBAN stock opened at $15.86 on Friday. The company’s 50-day simple moving average is $17.03 and its 200-day simple moving average is $16.16. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The firm has a market cap of $23.14 billion, a P/E ratio of 11.09, a PEG ratio of 0.69 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio (DPR) is 43.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Raymond James Financial restated a “strong-buy” rating and set a $20.00 price target (down previously from $21.00) on shares of Huntington Bancshares in a research note on Monday. Truist Financial upped their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, September 12th. Wolfe Research raised shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Thursday, July 3rd. Stephens upped their price target on shares of Huntington Bancshares from $18.00 to $19.00 in a report on Friday, October 17th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $19.76.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. This trade represents a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.89% of the stock is owned by company insiders.

Huntington Bancshares Company Profile

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.