Eventide Asset Management LLC Acquires 121,934 Shares of Huntington Bancshares Incorporated $HBAN

Eventide Asset Management LLC boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,540,661 shares of the bank’s stock after buying an additional 121,934 shares during the period. Eventide Asset Management LLC’s holdings in Huntington Bancshares were worth $44,151,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Sagespring Wealth Partners LLC grew its holdings in Huntington Bancshares by 2.4% during the 4th quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock worth $438,000 after acquiring an additional 587 shares during the last quarter. MCF Advisors LLC grew its holdings in Huntington Bancshares by 12.6% during the 4th quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock worth $95,000 after acquiring an additional 609 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in Huntington Bancshares by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after acquiring an additional 694 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Huntington Bancshares by 0.4% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 189,963 shares of the bank’s stock worth $3,296,000 after acquiring an additional 700 shares during the last quarter. Finally, Glenmede Investment Management LP grew its holdings in Huntington Bancshares by 1.7% during the 3rd quarter. Glenmede Investment Management LP now owns 43,702 shares of the bank’s stock worth $755,000 after acquiring an additional 728 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays lowered shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Evercore reissued an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a report on Friday. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Piper Sandler raised shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 target price on the stock in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada reduced their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average price target of $20.10.

Insiders Place Their Bets

In related news, Director James D. Rollins III bought 11,127 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average cost of $16.50 per share, with a total value of $183,595.50. Following the completion of the purchase, the director directly owned 11,127 shares in the company, valued at $183,595.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 33,500 shares of company stock worth $617,542 over the last ninety days. 0.67% of the stock is owned by company insiders.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $17.52 on Friday. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The firm has a fifty day simple moving average of $16.29 and a 200 day simple moving average of $16.83. The company has a market capitalization of $35.52 billion, a PE ratio of 13.48, a P/E/G ratio of 0.80 and a beta of 0.94. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.21. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm earned $0.34 earnings per share. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 47.69%.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.