Brooklyn Investment Group Acquires Shares of 9,647 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Brooklyn Investment Group purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,647 shares of the bank’s stock, valued at approximately $142,000.

A number of other large investors also recently made changes to their positions in HBAN. SVB Wealth LLC lifted its stake in shares of Huntington Bancshares by 26.1% in the 1st quarter. SVB Wealth LLC now owns 21,954 shares of the bank’s stock valued at $306,000 after purchasing an additional 4,539 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Huntington Bancshares by 12.7% in the 1st quarter. Janus Henderson Group PLC now owns 244,633 shares of the bank’s stock valued at $3,411,000 after purchasing an additional 27,519 shares during the period. Ancora Advisors LLC lifted its stake in shares of Huntington Bancshares by 3.0% in the 1st quarter. Ancora Advisors LLC now owns 70,106 shares of the bank’s stock valued at $978,000 after purchasing an additional 2,033 shares during the period. California State Teachers Retirement System lifted its stake in shares of Huntington Bancshares by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 2,294,465 shares of the bank’s stock valued at $32,008,000 after purchasing an additional 12,256 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of Huntington Bancshares by 5.3% in the 1st quarter. Tidal Investments LLC now owns 75,933 shares of the bank’s stock valued at $1,059,000 after purchasing an additional 3,855 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Trading Down 0.8 %

Huntington Bancshares stock opened at $18.00 on Thursday. The stock has a 50-day simple moving average of $15.86 and a 200 day simple moving average of $14.53. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market capitalization of $26.15 billion, a P/E ratio of 17.31, a PEG ratio of 3.63 and a beta of 1.03. Huntington Bancshares Incorporated has a 52 week low of $10.73 and a 52 week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period last year, the business posted $0.36 earnings per share. Analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.44%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 59.62%.

Insiders Place Their Bets

In other news, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares in the company, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,699 shares of company stock worth $757,356 over the last three months. Insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HBAN. Citigroup increased their price target on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley raised their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Piper Sandler raised their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Finally, DA Davidson raised their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $16.62.

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.