Nisa Investment Advisors LLC Has $5.58 Million Stock Position in Huntington Bancshares Incorporated $HBAN

Nisa Investment Advisors LLC cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 320,366 shares of the bank’s stock after selling 73,579 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Huntington Bancshares were worth $5,584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Huntington Bancshares by 26.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after buying an additional 35,014 shares in the last quarter. FineMark National Bank & Trust raised its stake in Huntington Bancshares by 59.2% during the second quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock worth $2,935,000 after acquiring an additional 65,144 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Huntington Bancshares by 43.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock valued at $1,592,000 after acquiring an additional 28,739 shares during the period. Shoker Investment Counsel Inc. increased its holdings in Huntington Bancshares by 1,706.3% during the 2nd quarter. Shoker Investment Counsel Inc. now owns 200,566 shares of the bank’s stock valued at $3,361,000 after purchasing an additional 189,462 shares in the last quarter. Finally, Boston Partners raised its position in Huntington Bancshares by 4.8% in the 2nd quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock valued at $1,020,382,000 after purchasing an additional 2,776,429 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Insiders Place Their Bets

In related news, insider Amit Dhingra sold 10,000 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $18.50, for a total transaction of $185,000.00. Following the completion of the transaction, the insider directly owned 155,634 shares of the company’s stock, valued at $2,879,229. The trade was a 6.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kendall A. Kowalski sold 2,481 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $17.80, for a total value of $44,161.80. Following the completion of the sale, the insider directly owned 71,566 shares in the company, valued at $1,273,874.80. This represents a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 97,863 shares of company stock valued at $1,581,634. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $18.24 on Monday. The stock has a market capitalization of $28.72 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The business has a 50-day moving average of $16.82 and a 200 day moving average of $16.83. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.62.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The business had revenue of $580.00 million for the quarter. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 43.36%.

Analyst Ratings Changes

Several research firms have issued reports on HBAN. Cowen reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Monday, October 20th. Morgan Stanley increased their price target on shares of Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Keefe, Bruyette & Woods boosted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Monday, October 20th. TD Cowen increased their target price on shares of Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Jefferies Financial Group boosted their price target on shares of Huntington Bancshares from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $20.03.

Huntington Bancshares Profile

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.