Aster Capital Management DIFC Ltd Sells 123,360 Shares of Huntington Bancshares Incorporated $HBAN

Aster Capital Management DIFC Ltd trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 86.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,996 shares of the bank’s stock after selling 123,360 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Huntington Bancshares were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HBAN. Parcion Private Wealth LLC increased its holdings in Huntington Bancshares by 6.2% in the 3rd quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock worth $191,000 after acquiring an additional 648 shares during the last quarter. Strategic Planning Inc. increased its stake in shares of Huntington Bancshares by 0.3% in the third quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock worth $3,442,000 after purchasing an additional 670 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Huntington Bancshares by 1.0% in the third quarter. Benjamin Edwards Inc. now owns 73,147 shares of the bank’s stock valued at $1,263,000 after purchasing an additional 758 shares during the period. Wedmont Private Capital lifted its stake in shares of Huntington Bancshares by 3.1% during the 3rd quarter. Wedmont Private Capital now owns 27,294 shares of the bank’s stock valued at $457,000 after buying an additional 808 shares in the last quarter. Finally, Chris Bulman Inc boosted its holdings in Huntington Bancshares by 7.8% in the 3rd quarter. Chris Bulman Inc now owns 11,698 shares of the bank’s stock worth $202,000 after buying an additional 847 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Brantley J. Standridge sold 5,830 shares of Huntington Bancshares stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $19.14, for a total transaction of $111,586.20. Following the completion of the sale, the vice president owned 327,676 shares of the company’s stock, valued at $6,271,718.64. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Torgow purchased 14,200 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were acquired at an average price of $17.81 per share, with a total value of $252,902.00. Following the completion of the transaction, the director owned 943,341 shares of the company’s stock, valued at approximately $16,800,903.21. This trade represents a 1.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 50,145 shares of company stock valued at $929,885. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Down 4.2%

Shares of NASDAQ HBAN opened at $16.80 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average of $17.81 and a 200-day moving average of $17.08. The firm has a market capitalization of $34.10 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.71 and a beta of 0.96. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 44.60%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HBAN shares. JPMorgan Chase & Co. increased their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Jefferies Financial Group increased their price objective on Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Raymond James Financial lifted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a report on Friday, January 23rd. Wolfe Research reissued an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a report on Wednesday, January 7th. Finally, Piper Sandler raised their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.60.

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.