MassMutual Private Wealth & Trust FSB Has $2.89 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

MassMutual Private Wealth & Trust FSB grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 33.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 167,109 shares of the bank’s stock after buying an additional 42,122 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Huntington Bancshares were worth $2,886,000 at the end of the most recent reporting period.

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

Huntington Bancshares Stock Performance

HBAN opened at $18.14 on Thursday. The company has a market capitalization of $26.47 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.61 and a beta of 0.95. The business’s 50-day moving average price is $16.70 and its two-hundred day moving average price is $16.79. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The business had revenue of $580.00 million during the quarter. Equities analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend 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%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HBAN. Keefe, Bruyette & Woods upped their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. Stephens boosted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, December 18th. Jefferies Financial Group raised their price target on Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. DA Davidson reaffirmed a “buy” rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, October 28th. Finally, Citigroup lifted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Two equities 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.03.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 12,832 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total value of $230,976.00. Following the completion of the transaction, the executive vice president owned 239,473 shares of the company’s stock, valued at approximately $4,310,514. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Inglis purchased 6,506 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were acquired at an average cost of $15.30 per share, for a total transaction of $99,541.80. Following the completion of the transaction, the director directly owned 89,831 shares in the company, valued at approximately $1,374,414.30. This represents a 7.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 87,863 shares of company stock valued at $1,396,634 over the last ninety days. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Company 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.