Tobam Has $109,000 Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Tobam raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 34.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,386 shares of the bank’s stock after purchasing an additional 1,880 shares during the quarter. Tobam’s holdings in Huntington Bancshares were worth $109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares in the first quarter worth $29,000. Peoples Bank KS bought a new position in Huntington Bancshares in the third quarter worth approximately $29,000. Hazlett Burt & Watson Inc. lifted its stake in shares of Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after buying an additional 2,003 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Huntington Bancshares during the 1st quarter worth approximately $40,000. Finally, ORG Partners LLC lifted its stake in Huntington Bancshares by 354.9% during the 2nd quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock valued at $44,000 after acquiring an additional 2,594 shares in the last quarter. 80.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on HBAN. Jefferies Financial Group cut their price objective on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Argus increased their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Piper Sandler lifted their price objective on shares of Huntington Bancshares from $11.50 to $13.50 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Finally, Royal Bank of Canada lifted their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus target price of $15.71.

Insider Buying and Selling

In other Huntington Bancshares news, insider Helga Houston sold 11,288 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.02, for a total transaction of $169,545.76. Following the completion of the transaction, the insider now owns 618,832 shares of the company’s stock, valued at $9,294,856.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Helga Houston sold 11,288 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.02, for a total transaction of $169,545.76. Following the sale, the insider now owns 618,832 shares in the company, valued at approximately $9,294,856.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the transaction, the vice president now directly owns 11,111 shares of the company’s stock, valued at $167,331.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 116,622 shares of company stock valued at $1,762,904 over the last ninety days. 0.89% of the stock is owned by insiders.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $14.96 on Friday. Huntington Bancshares Incorporated has a 12-month low of $9.25 and a 12-month high of $15.24. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The company has a 50-day simple moving average of $14.32 and a two-hundred day simple moving average of $13.86. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 2.77 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.18 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.155 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.14%. Huntington Bancshares’s dividend payout ratio is currently 58.49%.

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.