Pacer Advisors Inc. Has $2.72 Million Holdings in Huntington Bancshares Incorporated $HBAN

Pacer Advisors Inc. lessened its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 23.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 156,941 shares of the bank’s stock after selling 47,466 shares during the period. Pacer Advisors Inc.’s holdings in Huntington Bancshares were worth $2,723,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HBAN. CIBC Asset Management Inc increased its position in shares of Huntington Bancshares by 24.5% during the 4th quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock worth $9,248,000 after purchasing an additional 104,965 shares in the last quarter. Fieldview Capital Management LLC lifted its holdings in Huntington Bancshares by 15.9% during the 3rd quarter. Fieldview Capital Management LLC now owns 478,852 shares of the bank’s stock valued at $8,270,000 after purchasing an additional 65,828 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in Huntington Bancshares by 688.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank’s stock valued at $1,500,000 after buying an additional 75,516 shares in the last quarter. KBC Group NV grew its stake in Huntington Bancshares by 16.3% during the fourth quarter. KBC Group NV now owns 2,820,816 shares of the bank’s stock worth $48,941,000 after buying an additional 395,489 shares during the last quarter. Finally, Korea Investment CORP grew its stake in Huntington Bancshares by 107.2% during the third quarter. Korea Investment CORP now owns 3,933,919 shares of the bank’s stock worth $67,939,000 after buying an additional 2,035,351 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the transaction, the director directly owned 612,155 shares in the company, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have bought 33,500 shares of company stock worth $617,542. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HBAN shares. Stephens started coverage on shares of Huntington Bancshares in a research note on Monday, June 15th. They issued an “equal weight” rating and a $19.00 target price for the company. Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research report on Thursday, April 23rd. Morgan Stanley cut their price objective on Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. The Goldman Sachs Group reduced their price objective on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Jefferies Financial Group upped their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.05.

Huntington Bancshares Stock Performance

HBAN stock opened at $17.44 on Wednesday. The company has a 50 day moving average price of $16.43 and a 200 day moving average price of $16.87. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market capitalization of $35.35 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the company earned $0.34 EPS. Analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s payout ratio is currently 47.69%.

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.