Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 402,239 shares of the bank’s stock after buying an additional 2,775 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Huntington Bancshares were worth $6,544,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HBAN. Arvest Bank Trust Division acquired a new stake in shares of Huntington Bancshares during the 3rd quarter worth about $2,381,000. Mediolanum International Funds Ltd acquired a new stake in shares of Huntington Bancshares during the fourth quarter valued at about $422,000. Donoghue Forlines LLC purchased a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $1,460,000. Franklin Resources Inc. lifted its holdings in shares of Huntington Bancshares by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank’s stock worth $27,901,000 after acquiring an additional 55,602 shares during the last quarter. Finally, Czech National Bank boosted its position in shares of Huntington Bancshares by 6.5% during the 4th quarter. Czech National Bank now owns 314,999 shares of the bank’s stock worth $5,125,000 after purchasing an additional 19,123 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 69,088 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the completion of the sale, the vice president now directly owns 453,129 shares of the company’s stock, valued at approximately $6,647,402.43. The trade was a 13.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total value of $552,925.38. Following the transaction, the chief financial officer now owns 335,538 shares in the company, valued at $4,825,036.44. This represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 111,781 shares of company stock worth $1,631,151 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 1.5 %

NASDAQ:HBAN opened at $15.01 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.45. The stock has a market cap of $21.93 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.33 and a beta of 1.07. The stock has a 50-day simple moving average of $16.03 and a 200-day simple moving average of $16.16.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period last year, the company earned $0.27 EPS. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.13%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HBAN shares. Citigroup cut their target price on Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Barclays increased their target price on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Truist Financial lifted their target price on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Morgan Stanley reduced their price target on shares of Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Stephens restated an “equal weight” rating and issued a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy 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 $18.18.

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.