Huntington Bancshares Incorporated (NASDAQ:HBAN) Position Increased by Natixis Advisors L.P.

Natixis Advisors L.P. raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.0% in the 4th quarter, Holdings Channel reports. The firm owned 541,550 shares of the bank’s stock after purchasing an additional 40,263 shares during the quarter. Natixis Advisors L.P.’s holdings in Huntington Bancshares were worth $6,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in HBAN. Wetzel Investment Advisors Inc. bought a new stake in Huntington Bancshares during the fourth quarter valued at $29,000. Planned Solutions Inc. bought a new position in shares of Huntington Bancshares during the fourth quarter worth about $33,000. Authentikos Wealth Advisory LLC bought a new position in shares of Huntington Bancshares during the third quarter worth about $35,000. Baker Avenue Asset Management LP grew its position in shares of Huntington Bancshares by 31.8% during the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after acquiring an additional 963 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Huntington Bancshares during the third quarter worth about $51,000. Institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the subject of several recent research reports. Royal Bank of Canada upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Morgan Stanley restated an “overweight” rating and set a $16.00 price target on shares of Huntington Bancshares in a research report on Monday, April 22nd. DA Davidson upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $15.50 in a research report on Tuesday, February 27th. UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $15.00 in a research report on Wednesday, February 14th. Finally, Bank of America raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $16.00 in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.17.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the sale, the director now directly owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the sale, the vice president now directly owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the sale, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The disclosure for this sale can be found here. In the last three months, insiders sold 224,092 shares of company stock valued at $3,031,731. 0.92% of the stock is owned by insiders.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $14.02 on Friday. Huntington Bancshares Incorporated has a twelve month low of $9.13 and a twelve month high of $14.10. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 2.55 and a beta of 1.09. The firm has a 50-day moving average of $13.52 and a two-hundred day moving average of $12.49.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the company earned $0.38 EPS. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s payout ratio is 55.86%.

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.