J. Safra Sarasin Holding AG Acquires 56,343 Shares of Huntington Bancshares Incorporated $HBAN

J. Safra Sarasin Holding AG grew its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 433.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,327 shares of the bank’s stock after acquiring an additional 56,343 shares during the period. J. Safra Sarasin Holding AG’s holdings in Huntington Bancshares were worth $1,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Palisade Asset Management LLC purchased a new stake in shares of Huntington Bancshares during the third quarter worth about $26,000. South Plains Financial Inc. lifted its holdings in Huntington Bancshares by 116.3% in the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after purchasing an additional 826 shares in the last quarter. Accredited Wealth Management LLC boosted its stake in Huntington Bancshares by 374.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock worth $29,000 after purchasing an additional 1,322 shares during the period. Grey Fox Wealth Advisors LLC purchased a new stake in Huntington Bancshares during the 3rd quarter valued at approximately $31,000. Finally, AlphaCore Capital LLC purchased a new stake in Huntington Bancshares during the 3rd quarter valued at approximately $33,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 1.5%

HBAN stock opened at $15.88 on Thursday. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $19.45. The stock has a market capitalization of $32.35 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 0.63 and a beta of 0.95. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The firm’s fifty day simple moving average is $16.82 and its two-hundred day simple moving average is $16.81.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same quarter last year, the business posted $0.34 EPS. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th were paid a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.9%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 44.60%.

Insider Buying and Selling at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 65,530 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $15.28, for a total transaction of $1,001,298.40. Following the transaction, the vice president owned 481,676 shares of the company’s stock, valued at approximately $7,360,009.28. This represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gary Torgow purchased 14,200 shares of Huntington Bancshares stock in a transaction dated Thursday, February 19th. The stock was acquired at an average price of $17.81 per share, for a total transaction of $252,902.00. Following the completion of the acquisition, the director owned 943,341 shares of the company’s stock, valued at approximately $16,800,903.21. This trade represents a 1.53% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 27,700 shares of company stock valued at $540,401 and have sold 108,986 shares valued at $1,785,958. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HBAN has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Argus raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Wolfe Research reduced their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday. Morgan Stanley decreased their price target on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Piper Sandler raised their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $20.43.

Huntington Bancshares 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.