Financiere des Professionnels Fonds d investissement inc. Invests $2.07 Million in Huntington Bancshares Incorporated $HBAN

Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 119,621 shares of the bank’s stock, valued at approximately $2,066,000.

Several other institutional investors also recently bought and sold shares of HBAN. MTM Investment Management LLC purchased a new stake in shares of Huntington Bancshares during the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Huntington Bancshares in the 2nd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in Huntington Bancshares in the 2nd quarter worth approximately $30,000. Quarry LP boosted its stake in Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after purchasing an additional 814 shares in the last quarter. Finally, Trust Co. of Vermont grew its position in Huntington Bancshares by 249.8% during the 2nd quarter. Trust Co. of Vermont now owns 2,690 shares of the bank’s stock worth $45,000 after purchasing an additional 1,921 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HBAN shares. Morgan Stanley lifted their price objective on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Truist Financial lifted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Citigroup boosted their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.92.

Insiders Place Their Bets

In related news, insider Helga Houston sold 64,587 shares of Huntington Bancshares stock in a transaction on Friday, November 21st. The shares were sold at an average price of $15.38, for a total value of $993,348.06. Following the sale, the insider owned 534,640 shares of the company’s stock, valued at approximately $8,222,763.20. This trade represents a 10.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marcy C. Hingst sold 12,832 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total transaction of $230,976.00. Following the transaction, the executive vice president directly owned 239,473 shares in the company, valued at approximately $4,310,514. The trade was a 5.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 87,863 shares of company stock worth $1,396,634. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $17.48 on Friday. The company has a market capitalization of $25.51 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.57 and a beta of 0.95. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. The company’s fifty day moving average price is $16.54 and its 200 day moving average price is $16.73. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.03.

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

Huntington Bancshares Announces Dividend

The firm also recently announced 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 3.5%. The ex-dividend date of this dividend was Thursday, December 18th. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

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.