Picton Mahoney Asset Management Purchases 32,815 Shares of Huntington Bancshares Incorporated $HBAN

Picton Mahoney Asset Management grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 641,451 shares of the bank’s stock after acquiring an additional 32,815 shares during the quarter. Picton Mahoney Asset Management’s holdings in Huntington Bancshares were worth $11,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HBAN. Norges Bank acquired a new position in shares of Huntington Bancshares in the second quarter valued at $374,474,000. Victory Capital Management Inc. increased its holdings in Huntington Bancshares by 15.7% in the 3rd quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock valued at $594,054,000 after buying an additional 4,640,302 shares during the period. Fisher Asset Management LLC raised its stake in shares of Huntington Bancshares by 1,700.0% in the 2nd quarter. Fisher Asset Management LLC now owns 3,351,087 shares of the bank’s stock valued at $56,164,000 after buying an additional 3,164,915 shares in the last quarter. Jefferies Financial Group Inc. lifted its holdings in shares of Huntington Bancshares by 14,950.0% during the 2nd quarter. Jefferies Financial Group Inc. now owns 3,004,729 shares of the bank’s stock worth $50,359,000 after acquiring an additional 2,984,764 shares during the period. Finally, Boston Partners lifted its holdings in shares of Huntington Bancshares by 4.8% during the 2nd quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock worth $1,020,382,000 after acquiring an additional 2,776,429 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 17,455 shares of Huntington Bancshares stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $18.93, for a total transaction of $330,423.15. Following the completion of the sale, the vice president owned 42,398 shares of the company’s stock, valued at approximately $802,594.14. The trade was a 29.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Amit Dhingra sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $18.50, for a total value of $185,000.00. Following the completion of the transaction, the insider owned 155,634 shares in the company, valued at $2,879,229. This represents a 6.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders purchased 26,488 shares of company stock valued at $510,286 and sold 50,145 shares valued at $929,885. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 0.5%

Shares of HBAN opened at $16.83 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market cap of $34.16 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 0.68 and a beta of 0.95. The stock has a fifty day moving average price of $17.75 and a two-hundred day moving average price of $17.08. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week 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 for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the business posted $0.34 earnings per share. Analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on HBAN shares. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research note on Monday, January 12th. Barclays increased their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Wolfe Research reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Wednesday, January 7th. Finally, Truist Financial upped their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $20.69.

About Huntington Bancshares

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.