20,746 Shares in Huntington Bancshares Incorporated (NASDAQ:HBAN) Purchased by Claro Advisors LLC

Claro Advisors LLC bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,746 shares of the bank’s stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Asset Dedication LLC grew its stake in Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,202 shares in the last quarter. Peoples Bank KS bought a new position in Huntington Bancshares in the 3rd quarter valued at $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Huntington Bancshares during the 3rd quarter valued at $31,000. Fortitude Family Office LLC bought a new position in shares of Huntington Bancshares in the third quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after buying an additional 2,003 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Price Performance

HBAN stock opened at $17.80 on Tuesday. The stock has a market capitalization of $25.86 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 3.53 and a beta of 1.03. The firm’s 50-day moving average price is $15.45 and its two-hundred day moving average price is $14.36. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a 12-month low of $10.73 and a 12-month high of $17.97.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period last year, the company earned $0.36 EPS. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Insider Buying and Selling

In related news, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares in the company, valued at approximately $4,582,795.09. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,699 shares of company stock valued at $757,356 over the last three months. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HBAN. Piper Sandler boosted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Evercore ISI upped their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America raised their target price on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Baird R W cut shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Citigroup raised their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.09.

Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.